Iron ore fines (Fe 62%) spot prices held firm at $98.6 /dmt CFR China on 14 Jul’25. Market sentiment improved due to a positive outlook and increased trading activity. Strong demand for mid-grade fines contributed to this optimism. However, liquidity for Jul’25 seaborne cargoes decreased, and bullish expectations for the ferrous market in Aug’25 led to a further widening of the contango.
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