Spot iron ore prices in Chinese market remained unchanged on Friday morning, with buyers still looking for further discounts. Brazilian fines dropped by 30 Yuan and Australian lump fell by 10 Yuan, other cargoes kept unchanged.
With iron ore prices falling over $10-12, buyers are cautious and expect further correction next week.
Although many traders in China do not see prices going below $135-140 levels as steel mills are not sitting on huge stocks.
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