Spot iron ore Fe 62% fines prices yesterday decreased sharply by $9.9 d-o-d to $167/t CFR China on the back of downward movement in futures market. China’s benchmark iron ore futures, yesterday fell sharply by as much as RMB 89.5/t d-o-d after DCE announced adjustment in iron ore futures position limits. SGX iron ore futures marked a decline of $10.8/t on a d-o-d basis.
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