The spot price of iron ore fines (Fe62%) dipped by $1.05/t d-o-d to $117.05/t CFR China on 29 Apr’24 following the lower buying interest as mills procured the material ahead of the Labour holidays. The cargo arriving at the end of May has been restocked, but the purchasing process for June arrivals has not yet begun. Chinese port stock prices fell as spot market buying waned.
