Iron ore fines (Fe 62%) spot prices fell by $2.25/t d-o-d to $105.25/t CFR China on 15 Oct’24 amid weak trading, with Chinese mills maintaining low inventories and buying only as needed. Volatility in the futures market further contributed to uncertainty, prompting traders to adopt a wait-and-watch strategy, which suppressed liquidity and weighed on both seaborne and port stock prices.
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