DCE iron ore futures closed slightly higher than yesterday, although it hit the lowest 735 during trading period. PBF at Shandong port quoted as 1110-1120yuan/mt in the morning, down 40yuan/mt over yesterday’s deal price. Although DCE iron ore futures tend to be better since today’s performance, the spot price still continue to decrease.
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.