Benchmark Fe 62% iron ore fines prices in China decreased by $1.4/t d-o-d to $88.15/t CFR on 10 Nov’22 amid the worsening Covid-19 situation in the country. Due to constant production cuts and planned maintenance, seaborne liquidity remained low, with both trading houses and mills opting for a wait-and-see approach. Portside trading volumes were also weak.
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