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[SMM Iron Mine Review] Today, the turnover of imported ore is better than that of yesterday.
May 27,2020 17:39CST
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The content below was translated by Tencent automatically for reference.

Even the iron opened low in the morning, and the price in the port spot market was lowered by about 10 yuan / ton in early trading. With the market shock rising, some traders have raised their quotations one after another. As for traders, some of them have a good mentality and continue their price-raising behavior. Steel mills, driven by price reduction, coupled with weekly demand, are mainly on-demand procurement; today's inquiry is more active, the overall transaction is better than yesterday. The turnover of PB powder in Shandong area is between 715 Mel 725 yuan / ton, while that of PB powder in Tangshan area is about 715 Mel 720 yuan / ton. compared with yesterday, there was a drop of 10 yuan per ton in Tangshan area. From the point of view of the variety of transactions, with the recent narrowing of the low-and medium-grade price gap, the turnover of medium-grade ore has slightly improved. Superimposed recent coke prices rose successfully, steel mills for medium-grade ore demand has increased. In the short term, under the condition that there is no obvious change in the contradiction between supply and demand, iron ore prices may continue to repeat the market. [SMM Steel]

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