Slow buying interest weighs on spot iron ore price

Spot iron ore Fe 62% fines prices yesterday fell by $1.35 d-o-d to $117.7/t CFR China, amid sluggish buying interest and falling iron ore futures. Slack winter demand for steel in the coming months continued to cast a shadow over iron ore buying interest, sources said. Yesterday, iron ore futures in DCE fell by RMB 14 and in SGX were down by $1.56, as per the daily SteelMint assessment.


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