MMi Daily Iron Ore Report (August 4)
Today,the DCE iron ore futures showed weakness today. The most-traded DCE I2609 contract closed at 699.5 yuan/mt, down 0.43% from the previous trading session. Spot prices at Qingdao Port rose by 4–9 yuan/mt from the prior trading day. Traders offered actively, steel mills purchased mainly on a need-to basis, and overall spot trading was moderate.