MMi Daily Iron Ore Index Report September 15 2022 – Hellenic Shipping News Worldwide

in Chinese iron ore and steelmaking prices 15/09/2022
DCE iron ore futures rose by 0.70% today, the main contract closed 722.5. Some traders were active to sell. More steel mills tended to purchase, and purchasing enthusiasm is high. Total transactions returned actively.PBF at Shandong port dealt 760-765 yuan/mt; increased 5-10 yuan/mt than yesterday.SSF at Shandong port dealt 655-762 yuan/mt, increased 5-12 yuan/mt than yesterday. PBF at Tangshan port dealt 767- 775 yuan/mt. Influenced by the news today, there are rumors of limited production in some regions, and the market is in a panic. Overlapping the national building materials transaction data, the market’s confidence in the recovery of terminal demand has weakened, and the steel mills are in a strong wait-and-see mood, resulting in a cold atmosphere for raw material procurement. On the macro level, the policies and news of various departments appeared frequently in the early stage of the “Twentieth Congress” meeting, or boosted market sentiment. In the short term, the iron ore price will mainly operate in shock.

Source: Metals Market Index (MMi)
15/09/2022
15/09/2022
15/09/2022
22/08/2022
13/07/2022
05/05/2022
19/04/2022
10/12/2021
18/11/2021
16/11/2021
04/11/2021

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