China equities plunge by 9%, no impact on iron ore so far

摘要

Iron ore market was stable on Monday, despite 9% plunge in China’s equities. The room for speculations was providedby the news of possible production halts, though, after the commodity has been showing little volatility for two weeksalready. Australian 62% Fe iron ore fines were assessed at $51.5/t CFR. “There are no fundamental changes in the market tohelp prices move to other trajectory yet,” a trader source told Metal Expert.