Iron ore imports to China to drop as steel demand contracts
The slowdown in Chinese economic and trade figures released this week mirrored the feeling in the capesize spot market, which continues to show no signs of short-term improvement.
Credit Southern Cross Maritime
A small rise in fixture activity at the beginning of the week had dissipated by Wednesday, and rates drifted down to $6.50 per tonne by Friday afternoon for a West Australia to China iron ore trip from $7 a tonne...
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