The spot price of iron ore in China decreased marginally on 1 Aug’22 due to bearish demand outlook. Benchmark Fe 62% fines prices inched down by $1.1/t to $112.9/t CFR China. The seaborne market saw low levels of trading activity in the day, with lackluster performance heard on the secondary market. Furthermore, news about production cuts and sintering restrictions circulated, according to sources.
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