Iron ore fines (Fe 62%) spot prices remained stable d-o-d at $104.75/t CFR China on 9 Oct’24 amid cautious optimism regarding Chinese economic policies and an uptick in trading activity. Following the government’s macroeconomic stimulus, initially, there was enthusiasm in the market. However, participants are now waiting for concrete outcomes from the latest meetings between the People’s Bank of China and the Ministry of Finance.
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