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MMi Daily Iron Ore Index Report June 15 2020

Most traders showed offers which were flat to Fridays numbers, though DCE futures softened throughout today. Steel mills were happy to purchase iron ore on demand, taking a wait-and-see attitude for the beginning of week. Today’s concluded deals were down compared to last week. Deal price of PBF at Shandong was around at 78-790 yuan per mt and PBF at Tangshan port was around 785yuan per mt, almost near the price last Friday. The viral epidemic in Brazil and other countries like India may support the price imported iron ore given the uncertainty around supply.

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Source: Metals Market Index (MMi)

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