Spot prices of iron ore in China increased d-o-d on strong seaborne liquidity. Benchmark Fe 62% fines prices rose by $1.05/t to $94.80/t CFR China on 19 Oct’22. The buying interest in the seaborne market is increasing although port liquidity was reported to be fairly constant on slow trading volumes. Meanwhile, Chinese mills are planning to go under maintenance probably for around a month.
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