The Asian iron ore market was extremely muted Monday as China and Hong Kong were shut for national holidays. The Platts 62% Fe IODEX assessment was unchanged at $106.50/dry mt CFR North China. Despite scant trading activity, most market participants polled pegged trade-able price for Pilbara blend fines at $105-106/dmt CFR China. “The market is flat on the complete lack of buyers. Everyone is on a holiday,” a Shanghai-based trader said.
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