China’s Golden Holiday, which coincides with the Mid-Autumn Celebration this year, has stagnated business activities.
In this regard, iron ore price index of 62 % at $US119.8 a dry tonne of CFR of China is being traded, down 10 cents a tonne from the previous day.
Following holidays in markets and ports due to festive days, iron ore prices at most Chinese ports have been steady or have fallen slightly.