Author: Nidhi Awasthi
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China: Spot iron ore prices stable ahead of Dragon Boat Festival
Spot prices of iron ore fines (Fe 62%) remained stable d-o-d at $109.25/t CFR China on 7 Jun’24 amid the mixed market sentiments ahead of the upcoming Dragon Boat Festival on 10 June. As per the reports, the current market sentiment is still quite pessimistic, molten iron production has been declining and downstream demand remains…