Tag: DCE iron ore futures
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China: Iron ore spot Fe 61% prices decline by $2/dmt amid weak demand outlook
Coke price hikes pressure Chinese steelmakers’ margins Steel market lull, mill maintenance schedules cap demand Iron ore fines (Fe 61%) spot prices fell by $1.5/dmt to $97.5/dmt CFR China d-o-d on 1 July 2026. The decline in iron ore prices was primarily driven by mounting pressure on mills’ margins following the ninth round of coke…