Author: Nidhi Awasthi
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China: Iron ore spot prices inch up by $1/t d-o-d
Iron ore fines (Fe 62%) spot prices increased by $0.80/t d-o-d to $102.40/t CFR China on 21 Nov’24, supported by improved downstream market fundamentals. However, trading activity slowed, as market direction remains unclear, with some end-users seeking cost-effective low-grade cargoes and mills preparing for a winter sinter cut. As per reports, destocking efforts bolstered downstream…