Mysteel: Raw Material Market Highlight (Apr 10—14)
Imported iron ore market plummeted during the week of Apr 10-14. The fall in futures on Monday set a pessimistic sentiment of the market with the falling at ports and few bids. At the middle week, portside price went down 80-100 yuan/ton. Forward spot market were also slim and buyers eager to sell which put the buyers into a passive status.
Mysteel: Raw Material Market Highlight (Apr 3—7)
Imported iron ore market fluctuated sharply during the week of March 27 to March 31. Iron ore price showed its upward trend which driven by the rise in construction and coke. However, the weak fundamental of iron ore hinder the ongoing rise in iron ore price and it went down at the end of week.