The spot price of benchmark iron ore Fe 62% fines fell further by $6.95/t to $113.40/t CFR China on 15 Sept’21. Steel production curbs in China along with weak Aug steel output data weighed on Chinese buying interest. On the other hand, iron ore futures on the Dalian Commodity Exchange (DCE) most-active Jan’22 contract closed lower by RMB 18.5/t yesterday.
Leave a Reply