Iron ore fines (Fe 62%) spot prices remained largely stable d-o-d at $101.30/t CFR China on 21 Oct’24 amid sluggish trading activity and cautious market sentiment despite supportive macro-economic measures in China. China has cut its one-year loan prime rate and the five-year LPR by 25 basis points each to 3.10% and 3.6%, respectively, as part of government efforts to boost the economy.
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