Iron ore prices down $8/t amid new supply increase, output cuts
Iron ore prices plunged amid supply growth and expected demand weakness. Much lower prices supported buying activity in the seaborne market. Australian iron ore fines 62% Fe slumped by $8/t to $111.75/t CFR, posting the largest daily decrease in more than a month, while its futures on the DCE fell by RMB 23.5/t ($3.7/t). Several …
Iron ore prices down $8/t amid new supply increase, output cuts Read More »