Tag: China Iron Ore Fines
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China: Spot iron ore prices drop by $1/t d-o-d
Iron ore fines (Fe 62%) spot prices declined by $1.15/t d-o-d to $98.15/t CFR China on 30 Apr’25. The fall was attributed to reduced trading activity ahead of the Labour Day break. China’s manufacturing PMI missed expectations, and weak mill margins kept market liquidity muted. Mills stayed focused on portside buying, with little push for…