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Mysteel: Raw Material Market Highlight (Jan 2—Jan 8)
Jan 10, 2017  17:47:22
Abstraction: Last week, imported iron ore presented ongoing downward trend. Mills prefer to the MNP resources which will delivery in February. Outlook: High level in port inventories, increase of high grade ore at port which will relieve the structural contradictions. Blast furnaces operation rate may keep downward as the demand for iron ore softened.
Mysteel: Raw Material Market Highlight (Jan 2—Jan 8) Raw Material Prices Weekly Trend (Reported on Jan 10) Unit: RMB/t, incl. tax Iron Ore: Last week, imported iron ore presented ongoing downward trend. Mills prefer to the MNP resources which will delivery in February. Supply The shipments from Australia and Brazil equaled 24.6354Mt, up 0.494Mt w-o-w....

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