The spot price for iron ore fines (Fe 62%) edged up by $0.5/t d-o-d to $118.50/t CFR China on 20 May’24. The rise in seaborne market activity is due to carryover effect from recent economic news, as well as increased demand for downstream steel products. Decreased premium prices of medium-grade fines may be attributed to the growing stockpiles of iron ore at ports.
