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Tag: China spot iron ore prices

  • China: Spot Iron Ore Fines Index Fall to 4 Months Low

    China: Spot Iron Ore Fines Index Fall to 4 Months Low

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    by

    Monika Bajaj
    in

    Chinese spot iron ore prices dropped today to USD 88.5/MT, CFR China, as on 13th Aug’19. The prices fell as against USD 95/MT, CFR China towards closing of last weekend. The drop is attributed to reduced demand, increased supply and lowered construction activities in China. Few Chinese mills have reached breakeven levels and hence, are…