Faltering macro sentiment gnaws at iron ore

摘要

A tumble in the global equitiesmarkets continued to depress seaborne ironore prices Friday, with Platts 62% Fe IODEXassessed $1.10/dry mt lower on day at $42.90/dmt CFR. Sellers were cutting offers to incentivizebuyers, who largely remained on the sidelinesamid the continued holiday and fears over theglobal economy.