Author: Nidhi Awasthi
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China: Iron ore spot prices drop by $2/t d-o-d amid festive holidays
Iron ore fines (Fe 62%) spot prices decreased by $1.70/t d-o-d to $90.95/t CFR-China on 16 Sep’24 following a weak market and slow trading due to the ongoing Mid-Autumn Festival. According to reports, last week’s National People’s Congress did not offer much in terms of economic stimulus signals. Attention has now shifted to this week’s…