The spot price of iron ore in China increased marginally on 20 Jul’22 amid thin seaborne liquidity, as offers in the secondary market continued to be met with low demand and bidding levels. Benchmark Fe 62% fines prices moved up by $1.1/t to $97.55/t CFR China. “There are currently many offers in the market, but the prices are not appealing to buyers,” a trader source said.
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