Morning offers of traders moved stable today and traders were active to give quotations in the morning. Partial large traders have obvious desire to deliver cargos and steel mills are willing to make enquiries. However, real purchases have not grown and market participants make purchases as planned.
Market transactions: Spot market shows unfavorable performance and morning offers of futures market dived largely. However, the offers rebound again largely in the afternoon. Steel mills have no obvious purchasing desire. Market transactions still focus on mainstream resources, specifically PB and SSF resources show fair transactions. Many traders are scrambling to deliver cargos to avoid potential market risks.
Market supply and demand: Steel mills’ demand for iron ore has not risen largely as expected and steel mills suffer severe production limitations measures in recent days. Market demand is expected to restore stabilization in April in Hebei. Moreover, spot market prices fall continuously and steel mills take wait-and-see attitude towards the following market. Many traders see desire to undersell cargos.
Sources:XINDE MARINE NEWS
Please Contact Us at：
admin@xindemarine.com
.gif)
