Author: Lalita
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China: Iron ore spot prices rangebound on weak buying
The spot price of iron ore (benchmark Fe 62% fines) remained rangebound on 28 Jul’21 to close at $201.25/t CFR China (up slightly by $0.80/t) on thin buying interest. Premiums of medium-grade fines continued to fall amidst production cuts in China, while traders struggled to sell their cargoes due to lack of buying interest. Iron…