The spot prices of iron ore in China decreased d-o-d amid poor seaborne buying interest. Benchmark Fe 62% fines prices moved down by $2.25/t to $107.45/t CFR on 7 Dec’22. Seaborne buying activity was quite weak, with market players mostly preferring a wait-and-watch approach due to import losses. Buyers preferred to buy directly from portside considering cheaper prices.
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