Tag: China spot prices
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China: Iron ore spot prices decline to 4-month low
Iron ore (Fe 62%) fines spot prices sharply dropped by $6.85/t d-o-d to $121.95/t CFR China on 20 Feb’24. Prices are hovering at a 4-month low. Steel mills have lower-than-expected restocking demand for iron ore, as market participants wait for greater clarity on prices. DCE iron ore futures for the May’24 contracted sharply by RMB…