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MMi Daily Iron Ore Index Report March 25 2021

DCE iron ore futures market remained rally trends today and quotations in the physical port stock market have been up adjusted by 5-10yuan/mt. PBF was closed at 1105-1110yuan/mt in Shandong market, with price hike of around 5yuan/mt. Market players say recent rainstorm in Australia brought concerns on iron ore supply in the near future, and meanwhile, China’s demands for iron ore continued relatively strong momentums, iron ore prices enjoyed certain supports. But in consideration of steel mills reasonable in – plant inventory for the time being, mills showed little enthusiasms in purchasing in large amounts.

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Source: Metals Market Index (MMi)

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