The spot price of iron ore benchmark Fe 62% fines fell by another $5.15/t on 31 Aug’21 to $152.60/t CFR China as steel production control worries in China fuelled demand concerns. The spot market remained sluggish and buying interest was weighed down by bearish sentiments. On the other hand, Dalian iron ore futures dropped by RMB 27/t to settle at RMB 808/t ($125) in yesterday’s session.
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