Iron ore fines (Fe 62%) spot prices fell $2.5/dmt d-o-d to $100.1/dmt CFR China on 28 Jul’25, after rallying last week. The decline occurred ahead of the forthcoming Politburo meeting, as fresh trades focused on medium-grade fines. Market attention is now on the potential for new stimulus policies. Chinese port-stock iron prices dropped too, attributed to a cooling off of last week’s positive market sentiment.
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