[Ferro-Alloys.com] The spot price of iron ore fines 62% to China is being offering at US$70.11/ton, dropping by US$4.05/ton or 5.46% from the previous price. 
The average price of iron ore was US$68.86/ton in the month. 
Meanwhile, the China Iron Ore Price Index (CIOPI) decreased by 12.62 points or 4.74% week on week to 253.52 points as of November 16th, according to the latest statistics by the China Iron and Steel Association (CISA).

• [Editor:Chen Zhen Seng]