The iron ore price fell on
Wednesday amid a fresh wave of covid-19 infections in China.
Daily cases of locally transmitted infections in mainland China
increased to more than 300 over the weekend, compared with a few dozen in late
June.
“As we have repeatedly said, tighter covid measures could return
to China. And there are more positive covid tests once more in Shanghai,” ING
economists said in a note.
Benchmark 62% Fe fines imported into Northern China fell 1.27%,
to $111.54 per tonne.