Iron ore fines (Fe 62%) prices inched down by $0.65/t d-o-d to $106.7/t CFR China on 20 Jun’24. Spot prices remained rangebound with strong liquidity focused on medium-grade fines throughout the week, while downstream margins have deteriorated as end-users maintain low inventory levels. However, prices dropped d-o-d amid low demand as the downstream demand outlook remains dim.
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