Spot iron ore fines (Fe 62%) price remained range-bound and was assessed at $177.85/t CFR China on 16 Apr ’21. While production curbs were slightly eased at Tangshan, the on-going environmental inspections in eight provinces in China saw production controls spread to three more cities. Port stocks were rising, breaching the 133 mn t mark amid higher arrivals at Chinese ports, sources said. Some sources also expected prices to move down amid increasing shipments from Brazil and Australia.
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