Aug 25, Spot prices of iron ore fines in China have shown a downward trend for past three weaks on concern of weak global cues.
“Buyers are cautious buying at these levels, queries have deserted for past 3-4 days”said one of the exporter based in India.
A 63.5/63 Fe cargo is heard being offered at $151-152/MT CNF China.
Reported by Richa Sharma (richa@steelmint.com)
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