Iron ore fines (Fe 61%) spot prices rose by $0.95/dmt to $107.95/dmt CFR China on 20 Apr against 17 Apr’26. Prices rose as eased import curbs on Australian ore lifted inquiries, while buyers increasingly avoided high-phosphorus fines. Import margins narrowed as discounts adjusted, though some advantage persisted. With margins tightening and port prices high, mills deferred purchases, waiting for a correction to restock.
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