The spot price of iron ore in China fell on 15 August as market participants were cautious following weak Chinese economic data. Benchmark Fe 62% fines prices moved down by $4.45/t to $104.4/t CFR China. China’s official July data showed that the country’s industrial output fell short of market expectations. The economic data has reignited growth concerns, with several sources remaining pessimistic about iron ore demand in the fourth quarter.
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