Iron ore fines (Fe 62%) spot prices rose $1/t d-o-d to $109.1/t CFR China on 7 Oct’24 amid optimism around the potential economic stimulus. Today, the NDRC announced pro-growth policies, which are expected to boost the market in addition to the stimulus measures announced before the National Day holidays. Their impact on seaborne prices will be seen after market participants return from their holidays today.
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