Author: Nidhi Awasthi
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China: Iron ore spot prices fall by $1/t d-o-d
Iron ore fines (Fe 62%) spot prices dipped d-o-d by $1/t to $104.50/t CFR China on 6 Nov’24. The market is cautious due to macroeconomic uncertainties, a seasonal demand slowdown, and limited portside activity. Market participants await outcomes from China’s National People’s Congress meeting and the U.S. election results. As winter approaches, the demand for…