Ore Price Update On November 17

16 black system iron ore futures shock run up, 01 iron ore final close of 734 yuan / ton up 2.16 percent volume 869,500 daily increase of 16,100 lots; early traders offer is still a single negotiation-based; all day spot prices rose 10-20 yuan / ton. Tangshan area transaction price: PB powder 735/743/745/750 yuan/ton, super special powder 612 yuan/ton, mixed powder 658 yuan/ton, Newman sieved block 853 /855 yuan/ton; Shandong area transaction price: PB powder 728/730/735 yuan/ton, Yangdi powder 662 yuan/ton. Imported ore spot market is running strongly. Today, the main force on the plate pulled up strongly up to 741 yuan/tonne, traders shipped mainly, traders speculative sentiment is active. For steel mills, enquiries were general, with on-demand purchases dominating. Transactions were mainly concentrated in medium grade PB powder. The macro atmosphere is still strongly supportive of the market, but recently, due to natural factors, Tangshan and Shandong areas started secondary response, part of the sinter production restrictions, demand for iron ore may be affected. On the whole, it is expected that the iron ore market will be mainly oscillating in the short term.