Spot prices of iron ore in China rose d-o-d on continuing seaborne buying activities. Benchmark Fe 62% fines prices inched up by $0.2/t to $117.2/t CFR China on 5 Jan’23. Buyers planned to either release the cargo to Chinese ports or wait until after the Chinese Lunar New Year for better resale chances. Steel mills continued to buy iron ore from the portside for restocking.
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