MMi Daily Iron Ore Index Report May 15 2024

DCE iron ore futures open higher and go lower, futures fall in the day. The main contract I2409 closed at 865.5 . an decrease of 0.75% throughout the day . some traders were negative to sell; Some steel mills tended to be wait-and-see, and purchased on demand. today’s overall market transaction atmosphere in general. PBF at Shandong port dealt 860- 870 yuan/mt; decreased 5-15 yuan/mt over yesterday. PBF at Tangshan port dealt 885-900 yuan/mt; decreased 5-15 yuan/mt over yesterday. According to SMM statistics, this week (May 11th to May 17th), the impact of blast furnace maintenance on molten iron was 1.0591 million tons, a decrease of 190000 tons compared to last week’s maintenance.

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Source: Metals Market Index (MMi)