China: Iron ore spot prices fall to over 22-month low
Spot prices of iron ore fines (Fe 62%) fell to a 22-month low, dropping by $2/t d-o-d to $89.35/t CFR China on 23 Sep'24. Trading activity was slow yesterday amid underwhelming macroeconomic developments and weak downstream demand. China's port stock prices dipped as buying interest remained low, falling short of expectations for increased restocking activities.