Author: Lalita
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Iron ore spot prices drop, falling port stock offers fuel pessimistic sentiments
The spot price of the benchmark iron ore Fe 62% fines fell further by $9/t on 10 Aug’21 to $162.20/t CFR China. Chinese traders reported a sharp drop in port stock prices which discouraged buyers from booking any cargoes, further adding to the bearish sentiments in the market. On the other hand, the iron ore…