China’s iron ore fines (Fe 62%) spot prices decreased by $1.1/t d-o-d to $101.1/t CFR on 16 May’25 as buying momentum slowed towards end-week following a period of strong activity. Market liquidity also saw a dip, despite metal production remaining relatively high. Demand from mills for high-grade products weakened, contributing to a wider bid-ask spread which drov trade prices lower.
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