Tag: seaborne iron ore trade
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China: Iron ore spot prices drop by $2/dmt d-o-d
Iron ore fines (Fe 61%) spot prices declined by $1.5/dmt to $108.5/dmt d-o-d CFR China on 18 Mar d-o-d. Prices slipped mainly due to sluggish trading, with buyers holding back and purchasing only when required, alongside caution over Australian cargoes. Simultaneously, weak liquidity at domestic ports and muted mill participation, partly due to a conference,…