Market Verdict on Iron Ore：
• Neutral.
Macro：
• The Presiden of Indonesia, Joko Widodo, said that his country would stop exporting refined copper, because this metal would be processed into cathode copper domestically. It is understood that Free economic zone Indonesia and Amman Mineral Internal will complete the construction of smelters next year, when Indonesia will stop exporting copper concentrates.
Iron Ore Key Indicators:
• Platts62 $114.75, -0.40, MTD $112.76. The secondary market muted in this week. The only seabonre trade on iron ore concentrates was a NHGF traded at $113.8/mt. The rainy weather in eastern China dragged down the operation rate in some construction sites.
SGX Iron Ore 62% Futures& Options Open Interest (Jun 20th)
• Futures 101,743,500 tons(Increase 692,300 tons)
• Options 113,894,100 tons(Increase 1,434,500 tons)
Steel Key Indicators：
• Indian hot-rolled coil imports into the EU-27 countries rose by 30.6% on the year in April to 159,893t, according Argus Media.
Coal Indicators：
• There was consistant bid at $228 for the past few days for globalCOAL Branded coal, however recieved no offer.
