Iron ore prices have fallen by 8-10% since the beginning of October

Quotations of raw materials adjusted to the level of August after a fall in September and a sharp rise in early October

January iron ore futures, which are the most traded on the Dalian Commodity Exchange during the period of October 18-25, increased by 1% compared to the previous week – to 769.5 yuan/t ($108.04/t). On the Singapore Exchange, the quotes of the basic November futures decreased during this period – by 0.3%, to $101.05/t. At the same time, since the beginning of October, when there was a significant rise in the iron ore market, prices fell by 7.7% and 9.8%, respectively.

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