Iron ore price, page-11187

Big jump in Platts 62% but MySteel Port prices are pretty stable:

MySteel IO Benchmarks for 22/3/2019:
- 62% Australian Fines RMB 625, up 1, month average 630.4
- 58% Australian Fines RMB 573, unchanged, month average 578.9 (Discount 8.17%)
- 65% Brazilian Fines RMB unchanged, month average 710.5

Here are IO port prices for 22/3/219:

1. Qingdao Port:
- PB Fines 618, up 2
- FMG BF 574, down 4 (Discount 7.1%)
- FMG SSF 521, unchanged (Discount 15.7%)

2. Rizhao Port:
-PB Fines 618, up 2
- FMG BF 572, down 4
- FMG SSF 521, unchanged

3. Caofeidian Port:
- PB Fines 620, unchanged
- FMG BF 572, down 3
- FMG SSF 525, unchanged

4. Tianjin Port:
- PB Fines 635, up 1
- FMG BF 5852 down 3
- FMG SSF 535, unchanged

5. Taicang Port:
- PB Fines 637, up 2
- FMG BF 589, down 4
- FMG SSF 541, unchanged

According to MySteel, total IO port transactions for 22/3/2019 is 0.645MT, down 36.58% from day before.

Last week, daily average was 0.804MT.
Last Month, daily average was 0.7977MT.

Chinese Construction Steel volume sold today totaled 0.1832MT, up 0.0028MT from day before.

On 22/3/2019, Chinese 45 IO Ports Inventory total 147.8856MT up 0.1856MT.

DYOR
Frank