The spot price of iron ore Fe 62% fines fell by $6.9/t on 16 Sep’21 to $106.5/t CFR China as buyers stayed on the sidelines amidst oversupply concerns. Market sources are not optimistic of a demand pick up in the near-term. Iron ore futures on the Dalian Commodity Exchange (DCE) dropped by RMB 22/t to RMB 670.5/t ($104) yesterday.
Leave a Reply