The spot price of iron ore Fe 62% fines dropped on 9 Jul’21 by $1.7/t to $216.5/t CFR China on subdued buying interest against the backdrop of production control worries. Liquidity at Chinese portside was thin as steel mills resisted from procuring. Iron ore futures on the Dalian Commodity Exchange (DCE) fell further by RMB 24/t in yesterday’s trading session.
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