DCE iron ore futures first declined and then rose today, port quotations in the morning were basically stable compared to last Friday.
A total of 86 vessels carrying 12.92 million mt of iron ore arrived at major Chinese ports during February 21-27, SMM estimates. This was largely unchanged from the previous week, and up 3.24 million
A total of 118 vessels carrying 19.46 million mt of iron ore arrived at major Chinese ports during January 10-16, SMM estimates.
Along with DCE iron ore futures market headed for upward tendency, traders raise their quotations successively, and PBF in Shandong and Tangshan market was concluded at 1100yuan/mt.
Quotations in the physical port stock market remained relatively stable in the morning, but the actual transaction prices dropped by 20-30yuan/mt.
A total of 112 vessels carrying 16.8 million mt of iron ore arrived at major Chinese ports during December 13-19, SMM estimates. This was up 2.15 million mt from the previous week and 2.06 million mt.
Both CISA (China Iron and Steel Association) and DCE successively announced iron ore market risk alerts to cool down recent soaring prices of iron ore. The quotations in the physical port stock market