The spot price of iron ore Fe 62% fines remained rangebound at $218.8/t, CFR China, on 1 Jul’21 as supply tightness was offset by thin steel margins in China. Demand concerns fuelled by the news of production cuts in Anhui province in H2 CY’21 continued to impact spot prices. The most-traded iron ore futures contract for Sept delivery on the Dalian Commodity Exchange (DCE) remained stable at RMB 1,166/t on 1 Jul.
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