MMi Daily Iron Ore Report (April 3)

Today, DCE opened lower and rebounded slightly. The most-traded contract I2505 finally closed at 788.5, with a daily decline of 0.32%. Traders followed the market to sell goods, while steel mills' wait-and-see sentiment intensified, and inquiries were average. The market transaction atmosphere was sluggish. In Shandong, the mainstream transaction prices of PB fines were around 785-787 yuan/mt, down 2-3 yuan/mt from yesterday.