Spot iron ore prices in Chinese market noticed some downfall over falling billet prices in domestic market.
Australian 61% PB fines heard to have concluded in the range of $120-121/t CFR China, where as Indian 58 % Fe fines was sold at around $105/t CFR China, though offer was made at $108/t CFR last week.
Market participants see spot iron ore prices to be range bound as winters are approaching China, which will restrict construction activities.
Indian exporters keep their offers unchanged for high grade iron ore, 63/62 Fe iron ore fines being offered at $120-122/t CFR by a large Indian merchant exporter.
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