Tag: China Politburo stimulus
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China: Iron ore fines prices drop by over $2/t d-o-d
Fed outlook, muted China stimulus drag market sentiment High port stocks, slower steel demand weigh on prices Iron ore fines (Fe 61%) spot prices plunged by $2.25/dmt d-o-d to $95.05/dmt CFR North China on 30 July 2026, targeting a fresh low. Trading activity remained focused on medium-grade mainstream fines, while sentiment weakened after the US…