Iron ore price in the spot market stabilised as market participants took a breather following recent price spikes. The Fe 62% fines price stood at $228.9/t CFR China, slightly down by $0.65/t d-o-d. Demand for medium and high-grade iron ore remained robust. Meanwhile, iron ore futures in China softened with DCE’s most-traded Sep contract falling by RMB 19.5/t d-o-d.
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