China's Iron Ore Market prices fallen
Prices of Indian iron ore fines of 63.50% Fe content have fallen again this week, losing around $7 per tonne to $74-$76 per tonne CFR China in sparse transactions, the same level as in early December. Transactions were heard at $70-74 per tonne but not confirmed.
Indian fines prices peaked at $84-86 per tonne CFR China two weeks ago in a price rally that started last November, but which is no longer supported as the steel maket has again weakened.
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