Spot iron ore prices in Chinese market correct on low buying interest and falling steel futures.Iron ore traders also mention that winters will restrict construction activities and so will iron ore demand.
Although inventory levels on Chinese port are just sufficient for one month said sources.Brazilian miner sold 65 Fe iron fines at around $126/t CFR down from previous level.
Indian exporters do not hold enough stock of high grade iron ore on ports and there are hardly any offers being heard. Last deal heard was concluded at $110 for 60 Fe fines.
Australian PB fines hovering around $118-119/t CFR.
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