The spot prices of iron ore in China remained stable d-o-d on 13 Dec’22 amid constant market fundamentals. Benchmark Fe 62% fines prices moved up marginally by $0.05/t to $110.30/t CFR. Seaborne buying activity was modest, with liquidity centered on the mainstream medium-grade fines. Market players were mostly gloomy about the iron ore market, with expectations that the Covid-19 cases would hit their peak in a few weeks.
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