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Apr012020 1USD=70851RMB
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  SteelHome >>Raw Material>>Market Info>>Daily Express
 
SteelHome Express: Quotation of Imported Iron Ore Inches up on Optimistic Outlook from Traders

//en.ruistour.com [SteelHome] 2020-02-24 17:10:13

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Quotation of imported iron ore on Tangshan market increases by 5-10 yuan/t on Monday.

Then the prevailing quotation on the market: PB fines is 685-690 yuan/t; PB lump is 875-880 yuan/t; Jimblebar fines is 615-620 yuan/t; Super Special fines is 555-560 yuan/t; Brazilian IOCJ is 830-835 yuan/t.

Currently, with the optimistic outlook, traders are inactive in shipping iron ore products at a low price. Meanwhile, due to the large stockpile of steel products in mills and production curbs in some steel mills, most of steelmakers in this area are inactive in iron ore procurements, bringing slack transactions today.

SteelHome considers that prices of iron ore may edge down in the short run.

Link: Chinese Traders' Quotation of Spot Iron Ore at Ports for Feb 24

(To contact the reporter on this story: cody.wang@ruistour.com or 86-555-2238837 18725550282)
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