China: Iron ore spot price edges lower on thin trading
Spot prices of benchmark iron ore Fe 62% fines inched down by $1/t on 04 Aug'21 to settle at $183.15/t CFR China as procurement activities slowed down amidst a bearish market outlook shrouded by worries over revision in production control measures. DCE iron ore futures, on the other hand, remained largely stable at RMB 1,067/t.