The spot price of iron ore Fe 62% fines increased by $4/t on 11 Aug’21 to $166.2/t CFR China as a few transactions were concluded despite thin liquidity at portside. However, trader sources feel that this will not affect the overall sentiments and the market will continue to be bearish unless spot deals pick up. DCE iron ore futures’ most-traded Oct contract closed at RMB 871.5/t, slightly higher by RMB 18.5/t d-o-d.
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