The spot prices of iron ore in China rose d-o-d in expectation of reviving property market measures in the annual Central Economic Work Conference next week. Benchmark Fe 62% fines prices rose by $1.70/t to $112.40/t CFR China on 9 Dec’22. The conference may boost confidence in the real estate market. Furthermore, portside prices rose sharply due to strong demand from mills and traders.
Leave a Reply