The news of RMB appreciation prompted the price of most of the asset class going up yesterday.
Steel futures continued to rise across the curve, with Oct contract at 4140 CNY. A 63/63 physical cargo was sold to a steel mills at $151 CFR
yesterday. According to some iron ore physical traders, more enquires from steel mills are seen this morning. TSI climbed
marginally, printing out at $144.3. Platts 62% & 63.5/63% Fe are unchanged at $145.5 & $152.5.
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