Demand concerns dent China’s iron ore prices

By April 14, Mysteel SEADEX 62% Australian Fines had dropped to a three-month low of $118.55/dmt CFR Qingdao, down by $1.05/dmt on week. Similarly, Mysteel PORTDEX 62% Australian Fines in Qingdao had slid to Yuan 895/wmt ($130.3/wmt) FOT and including the 13% VAT on April 14, an on-week decline of Yuan 19/wmt.

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