The spot price of iron ore Fe 62% fines remained largely stable at $149.45/t (+0.85, d-o-d) on 25 Aug’21 with buyers returning to the market as they found current prices of premiums reasonable. Offers of premiums in the secondary market, however, were still at higher levels, capping any further upside correction. Meanwhile, DCE iron ore futures yesterday slipped by 1.8% to close at RMB 802.5/t.
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