Iron ore fines (Fe 62%) spot prices inched up by $0.20/t d-o-d to $103.95/t CFR China on 23 Jan’25 amid limited trading activity ahead of holidays, balanced by selective demand for low-alumina material, which offset broader market pressures from ample cargo availability. While high-alumina cargoes faced discounts due to oversupply, the overall market saw marginal buying interest, keeping prices rangebound.
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