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MMi Daily Iron Ore Index Report January 14 2019

A force majeure for Rober River lump and Fines shipments has been announced due to a fire accident at Cape Lambert port. Iron ore DCE Futures jumped Monday afternoon, and traders upped their iron ore port quotes, though transactions where stable on Friday. According to SMM, as there are still some mills in North and East China looking to restock their inventories this week. Seaborne iron ore has had a quite start to the week, though SGX swaps show that there is some bullishness still in the market.

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Source: Metals Market Index (MMi)

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