NOTE: There will be no news updates over October 1-8 due to China's National Day holiday.
UTC+8 ( BJT)

DAILY: China’s portside iron ore market firming

Mysteel’s 62% portside iron ore index rose Yuan 3/wmt ($0.4/wmt) on day to Yuan 665/wmt FOT Qingdao and including the 13% VAT on December 3, and the 62% seaborne iron ore index dropped $0.55/dmt on day at $88.1/dmt CFR Qingdao, as buyers focused more on immediately-available supplies towards the yearend.
Portside iron ore market was bolstered on Tuesday with strong bidding and offering activities observed at major ports in North and East China, Mysteel Global notes. “The portside market today was quite busy,” confirmed a Shandong-based iron ore trader, adding, “many of our steelmaking clients returned to the market for ore replenishment as they


To read the full article take a free 7-day trial to Mysteel Global

+65 6653 8227