MMi Daily Iron Ore Index Report January 08 2019

Iron ore port stock prices were relatively stable as traders continued to respond to the mills demands. According to SMM, some mills will increase their procurement volumes following the New Year Holiday, and thus iron ore prices find some support. The Tangshan government has issued another heavy pollution weather warning from 8th January to 14th January though weather is currently holding up well. Seaborne demand continues to hold up as trades continue to flow following holiday break.

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Source: Metals Market Index (MMi)