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Iron ore Inventory at Chinese Ports Is Trending Down

Index of #iron_ore in #Dalian_Commodity_Exchange on Friday 23rd 2019 increased 3.6% for the second day. Sudden decrease of #iron_ore_inventory at 45 major #Chinese_ports caused the market to grow. S&P Global Platts reports that #China will increase its #steel_production 34.9 million tons and the total output will be 1.18~1.2 million tons which will stimulate #iron_ore_price in…

International Supplier of Iron Ore, International Seller of Iron Ore, Iron Ore Supplier, Iron Ore Seller, Iron Ore Price

As the iron ore prices in global markets continue to fall, the price difference between Iranian internal and export concentrates reduced to only 7.3%!

#Iron_ore_market is still trending down in #China and today the #iron_ore_index in #Dalian_Commodity_Exchange (#DCE) dropped 4.6%. Iranian export iron ore is also softening and decreased 0.5$ today and 5% for the lower grades during the last week.  Index for export #concentrate 66%, FOB Bandar Abbas is now 62.4$ which is only 7.3% more expensive than…

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