The spot prices of iron ore in China increased d-o-d amid an improved seaborne trading. Benchmark Fe 62% fines prices rose by $3.40/t to $113.15/t CFR China on 15 Dec’22. Seaborne demand picked up with several mainstream medium-grade fines heard concluded. An increased interest on the seaborne side might also be attributed to evidence of mill restocking becoming more prominent.
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