MMi Daily Iron Ore Report (June 12)

Today, the Dalian Commodity Exchange iron ore futures market held up well, with the most-traded contract I2509 closing at 707, up 1% for the day. Traders showed good enthusiasm for selling, while steel mills adopted a cautious wait-and-see attitude, with most conducting tenders as usual. The market transaction sentiment was moderate. In Shandong, the mainstream transaction prices of PB fines were around 725-730 yuan/mt, rising slightly by 5-10 yuan/mt from yesterday's prices.