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MMi Daily Iron Ore Index Report January 25 2021

Physical port stock prices remained relatively stable over last Friday, though some traders offered small concessions on the prices when DCE iron ore futures moved lower. PBF traded at 1130-1140yuan/mt in Shandong. Low-grade iron ore prices were firmer due to recent demands.
Some mills recently adjusted down their purchasing prices for coke, which may boost low-grade iron ore consumptions. According to market
players, as some mills have not finished their restocking, iron ore trades in the near futures may gradually increase. Besides, in consideration of recent decline in iron ore arrivals, prices may still enjoy certain support.

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Source: Metals Market Index (MMi)

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