Iron ore fines (Fe 62%) spot prices rose by $0.80/t to $101.25/t CFR China d-o-d on 29 Aug’24 amid an improved trading activity. Recent seaborne market transactions were driven by trading demand despite low factory production intensity. Steel mill production levels slowly recovered, leading to an improved market sentiment and buying interest. Market participants are shifting their preferences towards October loading cargoes.
Leave a Reply