China’s iron ore spot prices continued to drop on 13 Oct’22 on tight seaborne liquidity. Benchmark Fe 62% fines prices fell by $2.30/t d-o-d to $94.20/t CFR China, the lowest in a year. Seaborne demand fell with only a few enquiries heard. Even as steel data is indicating a positive outlook for the iron ore market, demand has fallen by about 3.8% y-o-y, a Chinese trader said.
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