Iron ore fines (Fe 62%) spot prices decreased by $1.90/t d-o-d to $96.80/t CFR China on 15 Nov’24 amid weak market liquidity due to subdued steel demand, high port inventories, and widening discounts. Despite a rebound in pig iron production, off-season sluggishness and forex fluctuations dampened interest for seaborne cargoes.
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