South African iron ore lump (Fe 64%) import offers decreased by $10/t w-o-w to 117/t CNF Kandla on 6 Jun’24 amid a drop in iron ore futures and global market sentiments. Indian buyers are currently waiting for more price drops to conclude successful deals. Iron ore (Fe62%) fines spot prices significantly fell w-o-w by $13/t to $106/t CFR China on 5 Jun amid weak market sentiments in the Chinese market.
