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MMi Daily Iron Ore Index Report January 25 2022

DCE iron ore futures low open high go. an increase of 1.39% throughout the day. the main contract closed 766.5. The spot quotation in the morning almost kept steady. Today the overall market transaction atmosphere is acceptable. Some traders have speculative transactions, but the price is more chaotic . PBF at Shandong port dealt 865-885 yuan/mt, increased 5-15 yuan/mt over yesterday; ; SSF at Shandong port dealt 565 yuan/mt, increased 10-15 yuan/mt over yesterday; PBF at Tangshan port dealt 870-880 yuan/mt. increased 0-5 yuan/mt over yesterday. According to data tracked by SMM, 68 ships arrived at domestic main ports in January 17 – January 23. Arrivals of cargoes are estimated to stand at 10.19 million mt, down 1.08 million mt from the previous week and down 5.19 million mt year on year.Shipments that departed Australian ports were estimated to decrease 1.16 million mt week on week to 16.81 million mt, up 0.63 million mt on the year. And that from Brazilian ports decreased 710,000 million mt to 4.51 million mt on a weekly basis, down 1.57 million mt on the year. The total arrivals of imported ore decreased significantly from the prior week, and the combined shipments from Australia and Brazil also declined slightly.After the previous increase, the amount of imported ore to port decreased significantly; At present, under the influence of heavy pollution weather in the north, molten iron output continues to decline, which supports the fundamentals of iron ore.

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Source: Metals Market Index (MMi)

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