MMi Daily Iron Ore Report (June 17)

Today, DCE iron ore futures pulled back from highs, with the most-traded contract I2509 closing at 699, down 0.07% for the day. Traders sold goods in line with market conditions, while steel mills adopted a wait-and-see attitude and purchased as needed. The market transaction atmosphere was average. The mainstream transaction prices of PB fines in Shandong were around 715 yuan/mt, down 5 yuan/mt from yesterday's prices. The transaction prices of PB fines in Tangshan were around 730 yuan/mt, down 5 yuan/mt from yesterday's prices.