Tag: China spot iron ore
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China: Iron ore prices inch down on weak pellet demand
The spot price of iron ore in China decreased slightly on 27 Jul’22, with buying interest for Indian pellets remaining weak. Benchmark Fe 62% fines prices inched down by $0.65/t to $111.05/t CFR China. The suspension of exports and subsequent decline in trade following the imposition of duty on pellet exports by the Indian government…