Iron ore sits at a 3-week low as Golden Week holidays continue

Gas well blowout. China Photos/Getty Images

Iron ore spot markets were quiet on Monday with most participants on holidays for Golden Week celebrations.

The spot price for benchmark 62% fines was unchanged at $55.86 a tonne on Monday, having tumbled 1.45% on Friday.

It currently sits at the lowest level since September 19.

Chinese markets, including iron ore futures, will be closed until Monday, October 10 for Golden Week holidays.

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