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Mysteel: Raw Material Market Highlight (Dec 12--Dec 18)
Dec 20, 2016  18:16:35
Abstraction: Traders raised their offers with the range from 15-25yuan/ton driven by the soar in billet during the weekend. Moreover, construction steel price also went up. Market presented positive. However, market suffered the turning point on Tuesday. In spite of traders with their intention to support the price, iron ore price turn to weaken. Recently, the pellet premium is relatively high. Therefore, mills preferred to lumps as the stable of price in coke which resulted in the rise of lump premium.
Mysteel: Raw Material Market Highlight (Dec 12--Dec 18) Raw Material Prices Weekly Trend (Reported on Dec 20) Unit: RMB/t, incl. tax Last week, imported iron ore market rose followed by dropping. Participants sit sidelines about the market with thin transactions. Mysteel 62% index stood at CFR $82/dmt on Dec 16, up $1/dmt compared with...

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