Bit of price pressure starting to build here, pre May day hols:The steady rise in inventories of imported iron ore at China's major ports over the past few weeks will likely end this week as steelmakers' replenishment demand for iron ore is strengthening, according to market sources. Ore carrier arrivals at the ports will also likely decline, they suggest. "The iron ore discharge rate at domestic ports may show a marked rise this week because the steel mills have started to build feed inventories ahead of the Labor Day holiday (over May 1-5) when most traders will halt business," a market watcher based in Shanghai said.WEEKLY: China iron ore stocks seen falling before May holiday
Source: Mysteel Apr 22, 2024 18:00
Bit of price pressure starting to build here, pre May day...
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Last
$26.94 |
Change
0.330(1.24%) |
Mkt cap ! $82.94B | |||
| Open | High | Low | Value | Volume |
| $26.76 | $27.22 | $26.61 | $179.0M | 6.725M |
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| No. | Vol. | Price($) |
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| 2 | 28919 | $26.94 |
Sellers (Offers)
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| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$27.07 |
Change
0.330 ( 1.93 %) |
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| Open | High | Low | Volume | ||
| $26.73 | $27.21 | $26.62 | 985851 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
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