China: Spot iron ore prices fall d-o-d before holidays

The spot prices of iron ore in China fell d-o-d on 28 Sep’22 before the Golden Week holidays. Benchmark Fe 62% fines prices decreased by $2.10/t to $95.50/t CFR China. Less market activity ahead of the holidays and depreciating yuan against the dollar led to limited buying. Traders were also cautious and preferred to wait until after the holidays.