The spot price of iron ore in China fell on 12 Sep’22 as market activity was thin on China’s absence during the mid-Autumn festival holidays. Benchmark Fe 62% fines prices moved down by $1.70/t to $101.95/t CFR China. Seaborne liquidity decreased as most market participants with China-based operations were absent. Despite a gloomy outlook, cost-effectiveness remained the key to increasing demand.
Leave a Reply