Tag: iron ore buying trend
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China: Iron ore spot prices dip by $1/dmt
Iron ore fines (Fe 62%) spot prices fell by $0.8/t to $102.4/dmt CFR China on 2 Feb’26 against 31 Jan. Prices eased early in the week despite fresh trades, mainly in medium-grade fines, amid thin liquidity and softer sentiment after raw material price declines. Softer seaborne prices prompted Shandong-based mills to step up purchases of…