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MMi Daily Iron Ore Index Report November 17 2021

DCE iron ore futures market falling trends,the main contract closed 538.5, an decrease of 1.01 % throughout the day. the quotation in the morning was decreased by 5-10 yuan/mt over yesterday.part of the business quotation shipping mentality turn weak;steel mills purchased on demand, and purchasing enthusiasm is not high. PBF at Shandong port dealt 600 yuan/ mt; the same as Tangshan,. decreased 5-10 yuan/mt over yesterday ; SMM analysis, steel downstream demand is weak, trading volume continues to be low, superimposed coarse steel reduction task is about to be completed, steel mill operating rate is still weak in the short term, iron ore demand end is difficult to change, ore prices continue to pressure weak opera− tion.

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Source: Metals Market Index (MMi)

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