As of July 15, the iron ore imports via the main ports in China have reached 94.04 million mts, becoming the highest of records. The inventory level has increased by 0.4% compared with 93.65 million mts last Friday.
Currently, the price in steel market is stable and the producers are cautious about iron ore bookings. Under the situation of high inventory and high price, the continuous price increase in iron ore market has obviously slowed down, and the future of the market faces big risk of price decline.
SDL Price at posting:
49.5¢ Sentiment: Hold Disclosure: Held
