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MMi Daily Iron Ore Index Report January 31 2019

Some semblance of bid/offer stability has come back to the physical port stock market though there were few concluded trades. The majority of traders have gone on holiday whilst steel mills have paused buying at port. According to SMM, some mills say that the current seaborne price level is unacceptable, thus preferring to consume what they have on hand and look on where the market will go after the holiday.

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Source: Metals Market Index (MMi)

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