Iron ore spot prices in China remained largely stable (+$0.2/t) d-o-d on 26 Jan’23 on limited buying interest amid the ongoing Lunar New Year holidays. Benchmark Fe 62% fines prices stood at $127/t (up $0.35/t w-o-w) CFR. Some market participants anticipated a rebound in both seaborne and portside iron ore demand following the holidays owing to the Chinese government’s stimulative policies.
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