Iron ore fines (Fe 62%) spot prices dropped $2.10/t d-o-d to $104.35/t CFR China on 5 Dec’24 amid a slight pause in restocking activity and bearishness in the macroeconomic environment. High port inventories and losses from imports have hampered further increases in seaborne prices. Although market participants are monitoring Chinese economic stimulus measures, these are yet to significantly impact raw material prices.
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