The spot prices of iron ore in China increased d-o-d due to limited seaborne trading. Benchmark Fe 62% fines prices rose by $0.85/t to $112.5/t CFR China on 23 Dec’22. Trading slowed down over the week as mills did not make big buys in the seaborne and portside marketplaces. Sources stated that Chinese customers are more eager in buying more affordable cargoes due to margin problems.
Leave a Reply