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MMi Daily Iron Ore Index Report January 04 2019

Higher seaborne arrivals grew iron ore port stocks over the week ending Friday January 4. Pre-holiday restocking at steel mills nudged up daily average deliveries departing ports this week. Stocks across 35 major Chinese ports increased by 760,000 mt from a week ago to stand at 131.24 million mt as of Friday January 4, SMM data showed. The lingering impact of winter cuts continued to affect deliveries from Tangshan’s Caofeidian port, SMM learned. Seaborne market continues to try find its footing as the macro-environment continues to be uncertain, throughconcluded spot trades are picking up.

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Source: Metals Market Index (MMi)

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