Iron ore futures in China slipped on Thursday, a day after spot prices dropped to a two-week low amid slower buying interest among Chinese steel producers.
On the Dalian Commodity Exchange on Thursday, the September iron ore contract was down 0.8 percent at 376.50 yuan ($58.24) a tonne by 0237 GMT.
Spot iron ore has fallen 16 percent from this year's high following a rally that many had doubted would last as the market remained oversupplied.
"The buying activity was mainly from traders who kept very low inventory in the last few months and had been restocking with expectation that steel demand would come back strong in the next few months," said an iron ore trader in Shanghai.
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