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MMi Daily Iron Ore Report (March 24)
PBF traded at 615-630yuan/mt in Shandong ports, and was 640yuan/mt in Tangshan. Mills bought only to satisfy near term demand and concluded transactions fell. SMM estimates that there were 71 vessels carrying 11.75 million mt of iron ore arrived at major Chinese ports during March 15-21,down 260,000 mt from the week ended March 14 but up 1.65 million mt from the same period a year earlier.
MMi Iron Ore Port Index
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