MMi Daily Iron Ore Report (February 5)

As of last week, total global iron ore shipments reached 30.381 million mt, down 14% WoW, and cumulative shipments for the year reached 902.6104 million mt, up 2% YoY; among these, both Australia's and Brazil's shipments experienced notable declines. Over the same period, China's iron ore port arrivals were 25.015 million mt, down 13% WoW, and cumulative port arrivals for the year reached 521.3448 million mt, up 4% YoY...

[Plate/HRC] Plate export prices ease, HRC deals at 488-495 USD/tonne On 10 July China's HRC and other plate export prices fell 1-2 USD/tonne day on day, with HRC export deals at 488-495 USD/tonne FOB. A recent slowdown in yuan appreciation pushed prices modestly lower during the week; overseas demand showed no clear improvement and export order-taking stayed quiet. [Billet] Export billet FOB steady at 459-462 USD/tonne FOB Jiangyin, order-taking weak On 10 July China's export billet FOB price held steady, quoted at 459-462 USD/tonne at Jiangyin port. According to market feedback, although there were inquiries, deal prices in some Southeast Asian import markets were about 10 USD/tonne below domestic offers; with limited room for concessions, mills' billet export order-taking remained unsatisfactory, with most order shipments in August-September. [Rebar] Export rebar prices little changed, typhoon slows southeast-coast shipments On 10 July, according to market feedback, export rebar prices have shown little movement recently with relatively limited room for negotiation; typhoon weather has slowed the pace of shipments from southeast coastal areas.