Tag: China spot iron ore
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China: Iron ore prices edge down on weak buying interest
The spot price of iron ore in China fell slightly on 19 Aug’22 due to low buying interest. Benchmark Fe 62% fines prices inched down by $0.9/t to $99.7/t CFR China. Enquiries in the seaborne market have decreased. However, iron ore market sentiment improved as bidding enquiries shifted toward fixed rather than floating prices, according…