Iron ore fines (Fe 62%) spot prices decreased by $1.15/t d-o-d to a 9-month low of $93.1/t CFR China on 17 Jun’25 (last seen in Sep’24). Weak fundamentals and increased trading in medium-grade fines prompted the steep drop. A sluggish property sector, disappointing crude steel data, and high iron ore supply also pressured prices.
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