Author: Nidhi Awasthi
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China: Iron ore spot prices rise $1/t d-o-d
Iron ore fines (Fe 62%) spot prices rose $1/t d-o-d to $109.1/t CFR China on 7 Oct’24 amid optimism around the potential economic stimulus. Today, the NDRC announced pro-growth policies, which are expected to boost the market in addition to the stimulus measures announced before the National Day holidays. Their impact on seaborne prices will…