Tag: Lunar New Year demand
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China: Iron ore prices fall by $1/t d-o-d
Iron ore fines (Fe 61%) spot prices dropped by $0.95/t to $103.2/dmt CFR China on 30 Jan’26. Trading was muted, though some deals in medium-grade fines were concluded. Sentiment weakened on rising fines inventories at ports, though lump and pellets continued to be destocked. Liquidity is expected to thin ahead of the Lunar New Year…