The Shanghai stock index plunged by more than 4% yesterday due to the concerns of slow economic growth on the second half and tightening monetary policy.
And the physical Iron ore continued its weak sentiment with abundant offers. 62/61 was offered at $126 level with few interests. Sources said the Steel mills are seeking to purchase Iron ore from the port at the moment.
The Iron ore swap prices reflected the concerns on the future demand, down by 5 dollars, with Q3 trading at $125 yesterday
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