China: Iron ore prices fall by $2/t on weaker landing margins
Iron ore (Fe 62%) fines spot prices dipped by $1.65/t d-o-d to $133.95/t CFR China on 18 Dec'23 due to lower landing margins which undermined the fundamentals of demand. Premium levels are waning as well since landing margins are failing. Snowfall in the northern regions brings about a notable impact on transportation and generates changes in the demand for construction materials downstream.