Latest Update in the China Iron Ore Market

DCE iron ore futures rose by 3.27% today, the main contract closed 758. The traders' willingness to ship is less .

DCE iron ore futures rose by 1.31% today, the main contract closed 732. The traders' willingness to ship is less .The steel mills are purchase on demand.

The total inventory of rebar across social warehouses and steel makers in China stood at 5.02 million mt as of Thursday November 24, down 69,600 mt or 1.4% from a week ago, and down 31.0% from the same period last year.

The total inventory of HRC across social warehouses and steel makers in China stood at 2.54 million mt as of November 24, down 157,100 mt or 5.81% from a week ago, a decrease of 19.64% on the year.

DCE iron ore futures declined by 0.41% today, the main contract closed 732.5. The traders' willingness to ship is less .

DCE iron ore futures rose by 1.96 % today, the main contract closed 725. The traders' willingness to ship is less .

The main contract closed 745.5 today. The traders' willingness to ship is general .The steel mills are purchase on demand.

SHANGHAI, Nov 21 (SMM) - SMM statistics showed that China’s port shipments of steel and related products under domestic trade totalled 6.48 million mt in the week of November 12-18, down 12% week-on-week.