MMi Daily Iron Ore Report (August 14)

Iron ore futures traded firmer today. The DCE most-active contract I2701 settled at RMB 710.5/mt, up 0.42% from the previous session. Spot prices at Qingdao Port rose RMB 5-9/mt from the previous trading day. Traders were active in offering, while mills showed limited enquiry, leaving overall spot transaction volumes moderate as of press time.