Author: Ratiram Gurjar
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China: Iron ore spot prices move northward in recent trades
Iron ore fines (Fe 62%) spot prices inched up by $0.5/t d-o-d to $110.55/t CFR China on 2 Jul’24 amid firm trading activity following the rise in global shipments. Anticipate further stimulus from the upcoming 15-18 July third Plenum (government officials meeting), focusing on deepening reforms. China’s portside iron ore prices held steady as the…