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[SMM Iron Mine Review] the spot demand for medium and low grade ore is increasing today.
May 21,2020 17:31CST
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This morning even iron narrow fluctuations, the port spot market quotation to maintain stability, in the afternoon with the strong pull up, some merchants bargaining space narrowed, individual upward quotation, merchants shipments are more active. As for the steel mills, today's inquiry mood is not good, and some of them are purchased on demand. The turnover of PB powder in Shandong area is about 730yuan / ton, and that in Tangshan area is 735,737 yuan / ton. The overall transaction is mediocre. From the point of view of the variety of transactions, there are more medium-and low-grade minerals in the port spot market today. According to the calculation of SMM data model, calculated at 96 US gold mine, the current thread and hot coil profits are declining rapidly, and the steel mills may continue to increase the use of low-grade or non-main ore in the later stage. [SMM Steel]

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