Tag: Brazilian iron ore cargoes
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China: Iron ore prices drop by $1/dmt d-o-d
Iron ore fines (Fe 61%) spot prices inched down by $0.9/t to $103.55/dmt CFR China on 20 Jan’26 as weak downstream steel fundamentals continued to weigh on sentiment. Despite the decline, market offers remained competitive to protect margins amid steady pre-Lunar New Year liquidity. Meanwhile, Brazilian cargoes underperformed due to quality and logistics issues, while…