There is some stall in fall in spot iron ore prices in Chinese market. Prices were almost stabilized, although a Brazilian cargo fetched higher bid looking at short supply of prompt delivery in the market.
Indian exporters heard to have offering 63.5/63 Fe fines at $118-119/t CFR, although bids are around $114-115/t CFR.
There is another cargo of 56/55 Fe offered from an Indian exporter, which is yet to get a buyer.
CISA (Chinese Iron and Steel Association) reported higher production in early Oct.
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