Tag: China spot iron ore prices
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China: Iron ore spot prices plunge on growing demand concerns
The spot price of benchmark iron ore Fe 62% fines dropped by $14.75/t to $135.75/t CFR China on 25 Apr’22. Seaborne iron ore prices plummeted due to the spread of coronavirus infections in China which has weakened the demand outlook. However, some sources said that the price drop is only temporary as the fundamentals for…