The spot prices of iron ore in China fell slightly d-o-d owing to weaker buying interest and liquidity amid ongoing Covid-19 concerns. Benchmark Fe 62% fines prices inched down by $0.75/t to $98.90/t CFR China on 28 Nov’22. Several cities are now facing stricter Covid-19 restrictions and lockdowns as the Chinese government struggles to manage infection rates within the country as cases continue to rise.
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