Tag: China spot iron ore prices
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China: Iron ore spot prices fall on weak steel demand
On 6 May’22, the spot price of iron ore fell as weak downstream steel demand in China dampened the outlook for iron ore. Benchmark Fe 62% fines prices fell by $6.8/t to $139/t CFR China. Despite the fact that bearish sentiments have returned to the market, sources reported that the import losses between the seaborne…