Market Verdict on Iron Ore：
• Neutral.
Macro：
• U.S. last week jobless claims 194,000, est. 200,000, last 195,000.
• China MIIT urged to increase the merging and restructure of domestic steel industries, improving the quality of steels.
Iron Ore Key Indicators:
• Platts62 $124.75, +1.15, MTD $124.36. Fixed trades in mid-stream largely represent the strong physical market sentiment. Seaborne trades became popular again with steel sales improved during past few days. Rio Tinto sold PBF at $126. Vale sold BRBF at $130.
SGX Iron Ore 62% Futures& Options Open Interest (Feb 16th)
• Futures 107,965,500 tons(Increase 874,000 tons)
• Options 83,015,600 tons(Increase 1,229,300 tons)
Steel Key Indicators：
• MySteel researched 137 sample mills rebar production 2.63 million tons, up 172,400 tons on the week.
Coal Indicators：
• A bid was heard at $400 for 40,000mt HCCA branded coal for few days, but no trade was reported yet. The PLV market was waiting for direction and become quiet.
