Spot iron ore price yesterday plummeted by $10.55/t as the market turned bearish following the implementation of further sintering and production cuts in North China. The spot price for Fe 62% fines was assessed at $163.6/t CFR China. Iron ore futures in DCE also witnessed a sharp decline by RMB 112/t due to the anti-pollution curbs. SGX iron ore futures fell by $7.6/t d-o-d. Mixed sentiments appeared in the market for the near-term price trend.
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