Iron ore fines (Fe 62%) spot prices inched down by $0.30/t to $91.45/t CFR China on 9 Sep’24 following thin trading activity due to sluggish end-user demand. Market participants held off on purchases or sales of existing inventories, in favour of gaining clarity on the market direction by Oct’24. Most plants maintained low iron ore inventories, enough to support operations for about 1-2 weeks.
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