Home / Commodities / Chinese iron ore and steelmaking prices / MMi Daily Iron Ore Index Report July 11 2022

MMi Daily Iron Ore Index Report July 11 2022

DCE iron ore was was shocked all the day.The main contract closed at 741,decreased of 3.26%.

Traders are more actively motivated to ship, steel mills are mainly on the sidelines, and there are few transactions in the market. PBF at Shandong port dealt 775-780 yuan/mt,decrease 30- 42 yuan/mt than last week; PBF at Tangshan port dealt 795 yuan/mt,decrease 30-40yuan/mt than last week; SSF at Tangshan port dealt 665 yuan/mt. On the macro side, affected by the global economic environment and increasing uncertainties, iron ore futures lost some support and fell back. Basically, according to SMM statistics, from July 4 to July 10, 2022, a total of 85 ships arrived at major ports in my country, with a cargo volume of 11.81 million tons, an increase of 970,000 tons over the previous period and an increase of 177 tons over the same period last year. tons. During the period, the outbound volume of Macao and Pakistan dropped sharply, mainly due to the influence of the weather in Macao and Pakistan and the decline in domestic demand. There is no definite news about the resumption of production from steel mills, and the demand side continues to be weak. On the whole, the rebound of the mine price is insufficient, and the mine price shows a weak and

Download PDF

Source: Metals Market Index (MMi)

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping