Iron ore fines (Fe 62%) spot prices dropped to over 3-month low (against Apr’24) by $1.15/t d-o-d to $99.7/t CFR China on 25 Jul’24 amid limited trading activity following weak market fundamentals. Even the recent reduction of key interest rates by China’s central bank failed to improve sentiment, highlighting the seriousness of the country’s economic issues.
Leave a Reply