Author: Lalita
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China: Iron ore spot prices inch up on restocking demand
The spot price of iron ore Fe 62% fines inched up by $1.35/t to $108.90/t CFR China on 24 Sep’21, as Chinese buyers started restocking for the Golden Week holidays after they returned from two days of mid-Autumn holidays. However, sources still cautioned that this buying activity could be limited to just the holiday stocking…