South African iron ore lump (Fe 64%) import offers decreased by $5/t w-o-w to $110/t CNF Kandla, India, on 13 Nov’24 amid a drop in global fines prices, following the Chinese government’s stimulus package announcement. However, Indian buyers remained uninterested amid competitive domestic prices. Notably, China’s spot prices of iron ore (Fe 62%) fines fell by $5/t w-o-w to $101/t CFR on 12 Nov’24.
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