MMi Daily Iron Ore Report (April 2)

Today, the DCE continued to fluctuate upward. The most-traded contract I2505 closed at 791.5, with a daily increase of 1.09%. Traders sold goods according to market conditions, while steel mills restocked as needed, with moderate purchase willingness. The market trading atmosphere was generally flat. In Shandong, the mainstream transaction prices of PB fines were around 785-790 yuan/mt, stable compared to yesterday. In Tangshan, the transaction prices of PB fines were around 800 yuan/mt, also stable compared to yesterday.