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Home / Metal News / MMi Daily Iron Ore Report for May 7th 2021

MMi Daily Iron Ore Report for May 7th 2021

May 7, 2021 19:30

Source:SMM

Iron ore stocks across 35 Chinese ports totaled 122.5 million mt as of May 7, down 1.66 million mt from a week ago and up 20.76 million mt from a year ago. Continued declines in port arrivals and pre-holiday stockpiling led to the decline in port inventories.

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MMi Iron Ore Port Index

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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DCE iron ore futures continued to rise largely today, main contract has increased to around 5.4%; the spot quotation has increased by around 20yuan/mt over yesterday.

Sep 30, 2021 19:57

Analysis

MMi Daily Iron Ore Report (September 30)

MMi Daily Iron Ore Report (November 26)

DCE iron ore futures market continued strong tendency while the transaction prices still mixed with small ups and downs. Market players’ bullish sentiment increased given recent declining iron ore inventory at ports.

Nov 26, 2020 17:22

Analysis

MMi Daily Iron Ore Report (October 28)

DCE iron ore futures market headed up today and quotations in the physical port stock market turned to be relatively firm. PBF was concluded at 850-855yuan/mt in Tangshan market, up by 5yuan/mt over yesterday.

Oct 28, 2020 17:21

Analysis

MMi Daily Iron Ore Report (Oct 29)

Physical iron ore port stock fell by 5-15yuan/mt during the morning session and concluded transaction were low.

Oct 29, 2019 18:21

SMM Comments

MMi Daily Iron Ore Report (Sept 11)

SMM data showed on Wednesday September 11. SMM estimates that 75 vessels carrying 10.85 million mt of iron ore arrived at major Chinese ports during September 1-7.

Sep 11, 2019 17:59

SMM Comments

MMi Daily Iron Ore Report (Aug 29)

A day of little activity to note today, with both physical and exchange traded iron ore contracts trading in a narrow band.

Aug 29, 2019 17:57

SMM Comments

MMi Daily Iron Ore Report (Aug 13)

Six steelmakers in China’s Shandong province today agreed to cut production of around 400,000 mt steel products including rebar and wire rod.

Aug 13, 2019 17:59

SMM Comments

MMi Daily Iron Ore Report (Jul 19)

Port stocks grew for the first time this week after 14 consecutive weeks of declines. As of July 19.

Jul 19, 2019 18:29

SMM Comments

MMi Daily Iron Ore Report (Jun 20)

Vale announced that it is getting the permission to resume its 20 million mt wet processing operation at Brucutu within 72 hours.

Jun 20, 2019 18:24

SMM Comments

MMi Daily Iron Ore Report (Jun 19)

A soaring DCE futures market helped lead the physical iron ore port stock quotes,boosting them by 20-40yuan/mt.

Jun 19, 2019 18:24

SMM Comments

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MMi Daily Iron Ore Report for May 7th 2021

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