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MMi Daily Iron Ore Report (July 22)

iconJul 22, 2021 17:57
Source:SMM
DCE iron ore futures fluctuated downward sharply, main contract has fallen by 5.3% throughout the day and almost reach the lowest level within last month. The spot market in the morning has lowered 25-30yuan/mt over yesterday. Some traders accepted the deal with a quite low bargain price, even some traders continued to lower their quotation during the futures period. PBF at Shandong port dealt 1400-1420yuan/mt, down 20-40yuan/mt over yesterday.
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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