Tag: Iron ore spot price
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China: Spot iron ore prices remain stable d-o-d amid holiday mood
Iron ore (Fe 62%) fines spot prices remained stable d-o-d at $126/t CFR China on 7 Feb’24 owing to muted trades as buyers’ side resisted buying amid Lunar New Year holidays. Meanwhile, China’s portside prices remained largely unchanged, too, as buying interests seemed to have faded away. However, market participants expect prices to firm up…