Iron ore spot markets fell again on Monday amidst thin, holiday impacted trade.
According to Metal Bulletin, the price for benchmark 62% fines fell 0.4% to $65.43 a tonne, logging its fifth consecutive loss on the trot.
It’s now fallen 4.4% from April 19.
There was no movement in higher or lower grades during the session, largely reflecting lower-than-normal activity levels due to a public holiday in China.
Chinese markets will remain closed today for Labour Day holidays.
Activity levels should pick up in the coming days as Chinese markets come back online. Chinese futures will resume trade on Wednesday.
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