Iron ore spot prices in China inched up on 23 Sep’22 on strong seaborne market liquidity. Benchmark Fe 62% fines rose by $0.85/t to $99.60/t CFR China. As inquiries for mainstream medium-grade fines continued to flood the market, seaborne buying interest increased. After the release of Chinese steel data, the secondary market has recovered, with expectations that demand will sustain in the near term.
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