China’s iron ore fines (Fe 62%) spot prices inched up by $1.10/t d-o-d to $94.40/t CFR on 27 Jun’25, supported by a positive market outlook and fresh bookings in the mid-grade segment. The gain followed active buying, driven by inventory restocking and improved sentiment around stronger pig iron output recently. However, high portside inventories continued to pressure seaborne cargo demand, keeping a check on prices.
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