Home / Commodities / Chinese iron ore and steelmaking prices / MMi Daily Iron Ore Index Report March 05 2019

MMi Daily Iron Ore Index Report March 05 2019

Physical iron ore stock prices drifted lower by the most party today, aided by little volatility on the DCE Futures market. Concluded transactions were low. Tangshan announced an implementation plan for the control and prevention of air pollution, measures which will be in place from March 1 to March 31. It requires steel mills to submit their production plan for sintering machines by March.5. The production cuts in Tangshan and Wu’an are likely to extend to the whole of March, and mills’ demands for iron ore may plummet. Mills in Tangshan say most of them are intending to closely follow the guidelines set out by these measures and thus iron ore prices look to face future bearish buying behaviour in the near future.

Download PDF

Source: Metals Market Index (MMi)

Recent Videos

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