Spot iron ore price edged lower by $0.55 d-o-d as buyers backed off due to uncertain steel demand outlook amid rising port inventories for Nov month. Price for Fe 62% fines was assessed at $115/t CFR China. The most-trading iron ore futures contract in DCE, yesterday dropped by RMB 11/t while iron ore futures in SGX were marginally down by $0.65/t.
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