Author: Lalita
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Iron ore spot price inches up on improved demand
The spot price of iron ore Fe 62% fines moved up by $1.9/t to $189.55/t, CFR China, as demand in the spot market improved on 28 May’21. Market participants were looking to secure iron ore fines cargoes. Mainstream medium-grade Australian fines were the preferred choice of traders due to the reliance from Chinese mills, which…