DAILY: China mill disinterest emerges in buying iron ore
Dec 13, 2019 19:15
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Mysteel’s imported iron ore prices remained largely stable on December 13, with Mysteel’s portside iron ore index unchanged at Yuan 685/wmt ($98.08/wmt) FOT Qingdao including 13% VAT. Also on Friday, the seaborne iron ore index just reversed up by a tiny $0.4/dmt on day to reach $94.2/dmt CFR Qingdao.
Buying interest for iron ore port inventories among steel mills in North China’s Tangshan waned on Friday, mainly due the commencement of the new round of emergency curbs, with the total ban on truck transportation of heavy goods and commodities including iron ore into and out of local ports including