Home / Commodities / Chinese iron ore and steelmaking prices / MMi Daily Iron Ore Index Report March 15 2022

MMi Daily Iron Ore Index Report March 15 2022

DCE iron ore futures market fall by 4.61%. the main contract closed 756. the quotation in the morning was decreased by 20-30 yuan/mt over yesterday. but as the disk continues to go up,the price was increased. Market wait-and-see sentiment increased.some steel purchasing intentions are still weak. total transactions remained insipid. PBF at Shandong port dealt 925-930 yuan/mt; decreased 10 yuan/mt over yesterday. SSF at Shandong port dealt 580-600 yuan/mt; decreased 10-20 yuan/mt over yesterday.PBF at Tangshan port dealt 930 yuan/mt; decreased 10 yuan/mt over yesterday. SMM tracking data shows that a total of 67 ships arrived at Major ports in China from March 07 to March 13, and the cargo arrival volume is estimated to be 10.285 million tons, which is 980,000 tons more than the previous period and 2.075 million tons less than the same period last year. During this period, the outbound shipments from Australia increased by 540,000 tons to 16.11 million tons, down by 460,000 tons compared with the same period last year. Brazil’s outbound shipments in this perioddecreased by 2 million tons to 3.86 million tons, down 2.28 million tons compared with the same period last year. The amount of imported ore to Hong Kong in this period decreased slightly, and the overall shipments from Australia and Brazil decreased significantly. In the past two days, many blast furnaces have resumed production, and the demand for iron ore has increased slowly, which has given certain support to the ore price. However, considering the geopolitical factors such as the impact of the short – term mineral prices continue wide shocks.

Download PDF

Source: Metals Market Index (MMi)

Recent Videos

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