China: Spot iron ore prices inch down by $1/t d-o-d

Spot prices of iron ore fines edged down d-o-d by $ 0.65/t to $ 116.85/t in China on 22 Apr’24 amid thin buying interest. Certain steel mills are keeping their stocks at a notably reduced level, resulting in little demand for procurement in the seaborne market for them. However, seaborne prices are anticipated to remain strong this week.