Iron ore fines (Fe 62%) spot prices edged down d-o-d by $0.25/t to $103.30/t CFR China on 29 Oct’24 as limited policy signals from China’s recent Politburo meeting dampened market sentiment. Participants are now eyeing the upcoming National People’s Congress for clearer economic direction. Although Tangshan has lifted emergency pollution controls, the impact of sintering restrictions remained minimal, offering little support to fundamentals.
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