Intel Details

China: Iron ore spot prices continue to decline on excess supply

11 Sep 2021, 12:51 IST
Steel Mint Intel

The spot price of iron ore Fe 62% fines fell further by $1.75/t to $128.75/t CFR China on 10 Sept'21 on increased supply of spot cargoes amidst dull demand. Premiums and discount levels for medium-grade fines weakened further on bearish demand outlook in China. Iron ore futures, meanwhile, remained largely stable yesterday at RMB 732.5/t ($114/t).

11 Sep 2021, 12:51 IST
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