The spot price of iron ore Fe 62% fines was assessed at $114.80/t CFR China on 29 Sep’21, up $2.45/t, d-o-d. The spot market saw active buying as traders were keen to stock up before the National Day holidays on demand optimism. However, Chinese end-users were still cautious due to production curbs and will start restocking after the holidays, as they worry that prices might start falling by then.
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