Spot iron ore prices in Chinese market kept stable at $148-150/t CFR for Indian 63.5/63 Fe iron ore fines. Market participants highlight that with China preparing for Lunar New Year ,starting from second week for February, buying interest has subdued.
“There has been limited transaction as Chinese people for new year holidays. Trading activities will be restricted from 9th -16th Feb. Although there are not many sellers in the market as well.” said an iron ore trader based in China.
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