MMI Daily Iron ore index report 22 April 2025

Today, DCE Iron Ore Futures lasted well throughout the day, with a short setback in the afternoon followed by a little rebound. The most traded i2509 contract closed at 711, up 0.21% for that day. Traders sell goods in accordance with market conditions, while steel factories show a stronger purchase will, especially purchases as needed. Medium market transaction atmosphere. In Shandong, the main transaction price for PB fines is around 765-770 Yuan/MT, down 0-5 Yuan/MT from yesterday. In Tangshan, the transaction price for PB fines is around 770-778 Yuan/MT, down 2-5 Yuan/MT from yesterday. According to SMM statistics, the impact of the maintenance of blast furnaces on pig iron production dropped to 969,000 MT this week, down 191,300 MT Wow. Next week, the impact of the maintenance of blast furnaces is expected to be reduced by 36,800 MT WOW. This shows that the rotation of the growth of pork iron is currently approaching its ends, with limited space for further improvement.

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Source: Metal Market Index (MMI)