MMi Daily Iron Ore Report (June 15)

Published: Jun 15, 2023 18:35

Save

DCE iron ore futures rose by 1.43% today, the main contract closed at 815.5.The traders' willingness to ship is general.

》Click to download the PDF and view the whole report

SMM prices

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

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

MMi Daily Iron Ore Report (August 6)

Today, the DCE iron ore futures strengthened today. The most-traded DCE contract I2609 closed at 719 yuan/mt, up 2.57% from the previous trading session. Spot iron ore prices at Qingdao Port rose by an average of about 10-15 yuan/mt from the previous trading day. Traders offered actively, steel mills purchased as needed, and overall spot transactions were moderate. Currently,

1 hour ago

[SMM Steel] 8.6 SMM Global Steel Daily Report

On August 6 China's steel export prices generally edged higher. Some flat-product export prices rose 1 USD/tonne day on day, with HRC transactions at 481-484 USD/tonne; prices have risen for successive days after the earlier decline, enquiries increased, and some products that did not follow the rise saw a degree of business. Billet export FOB prices rose 1 USD/tonne, with Jiangyin port offers at 450-455 USD/tonne, although overseas demand is fairly limited, billet export enquiries are few and competition is fierce, so deals are only possible with price concessions. Rebar export offers at Tianjin port rose 1 USD/tonne with transactions at 475-481 USD/tonne; a modest gain in futures improved enquiry sentiment and some mills concluded small-lot business, while GB-standard rebar exported to Hong Kong was offered at about 505-508 USD/tonne CFR with demand still present.

1 hour ago

Tightening Trade Restrictions, Market Sentiment Underpins Iron Ore Price Rise [SMM Iron Ore Daily Review]

1 hour ago