DCE iron ore futures continued to fluctuate in a day, main contract closed688.5. a increase of 1.7% throughout the day,the price start to go up. The spot quotation in the morning almost kept steady. Most traders gave narrow bargain space, and Steel mills bought on their demands,which resulted in the general deal atmosphere today.PBF at Shandong port dealt 840-855 yuan/mt, increased 0-15 yuan/mt over last Friday; PBF at Tangshan port dealt 850-860 yuan/mt；increased 0-10 yuan/mt over last Friday.Recently,although the power restriction policy has been tightened throughout the country, it has little impact on the production of blast furnace.At the same time, Hebei, Shanxi area environmental protection policy implementation is relatively loose, overall, this week’s iron ore demand is still relatively stable.But the port inventory continues to be high, sea freight has decreased, pressing iron ore prices, this week iron ore prices continue to maintain a stable weak shock trend.
Source: Metals Market Index (MMi)