The spot prices of iron ore in China rose d-o-d due to better import margins. Benchmark Fe 62% fines prices increased by $1.3/t to $110.5/t CFR China on 20 Dec’22. Limited seaborne buying interest was seen on the day as participants stayed away amid rising Covid-19 cases in China. During the day, portside trading was silent, and most market participants were on a wait-and-watch mode.
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