Spot prices of benchmark Fe62% iron ore fines inched up by $0.3/t to $117.65/t CFR China on 3 Jan’23 against 30 Dec’22 on strong restocking demand after the Lunar New Year holidays. Due to the optimistic Chinese infrastructure and real estate construction outlook for spring, some market participants, including traders and steel mills, are actively seeking February and March-arrival seaborne mainstream fines cargoes.
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