FMG 0.45% $22.10 fortescue ltd

Iron Ore Ultimate Health Chart, page-10

  1. 5,726 Posts.
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    No English release yet but it looks like port stocks down by 2m...

    https://finance.sina.cn/futuremarket/gypzx/2019-11-22/detail-iihnzahi2548499.d.html?from=wap

    After the market volatility, the spot transaction prices in Shandong, Tangshan, Tianjin and Yanjiang areas have been rising steadily. Affected by the restrictions on production policies issued by Shandong and Shanxi, steel mills have low purchasing sentiment. Inventory: As of November 15, the inventory of iron ore in 45 ports nationwide was 12,373.75, down 211.94 from last week; the average daily port volume was 31.43, 21.19.

    In terms of weight, Australia mine 6540.30 fell 59.78, Brazil mine 3518.17 fell 27.33, trade mine 5587.68 fell 20.62, pellet 640.84 fell 59.78, fine powder 860.32 increased 63.72, lump ore 1859.20 fell 87.08; ship number in port increased 101 by 19 (unit: 10,000 Ton).

    Demand: As of November 15, Mysteel surveyed 247 steel mills with a blast furnace operating rate of 77.93%, an increase of 1.39% from the previous month and a decrease of 0.46% year-on-year; the utilization rate of blast furnace ironmaking capacity was 78.76%, an increase of 1.37% from the previous month and a decrease of 1.74% over the same period. The factory's profit rate was 86.23%, an increase of 0.81% from the previous month. The daily average molten iron output was 2.205 million tons, an increase of 38,400 tons from the previous month and a decrease of 48,600 tons.
 
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