The spot price of iron ore in China fell slightly on 2 Sep’22 as rising port stocks impacted seaborne buying interest. Benchmark Fe 62% fines prices inched down by $0.60/t to $95/t CFR China. Interest for seaborne cargoes was polarised, with the consecutive sharp fall in prices weighing on buying enthusiasm. Portside liquidity was healthy, but weaker than earlier in the week.
Leave a Reply