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Benchmark 62% iron ore’s spot
price dropped by $2.9 to $117.39 a tonne on Friday, based on SteelHome
consultancy data SteelHome
China Iron Ore Price Index (SHCNOI).
According to
SteelHome survey,
iron ore inventory at 46 main Chinese ports was 127.8 million tonnes
as of October 22, up 3.3 million tonnes from October 15.
Today, traders were active in
iron ore sales. For mills, most of them awaited further market
developments, bringing slack transactions.
A combination of maintenance
plan in some Tangshan’s steel mills next week and increased iron-ore
arrivals at ports may cause iron ore price to edge down in the short
run.
Other Info: Price
Aggregates of Imported Ore at China Main Ports on Oct 23, 2020 |
(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282) |
