The spot price of iron ore in China were relatively stable on 25 Aug’22 with improvement in buying interest. Benchmark Fe 62% fines price was marginally down by $0.25/t to $102.25/t CFR China. Portside trading was strong in the early hours but weakened throughout the day. Buyers are likely to attempt to lock in costs by purchasing at a fixed price, anticipating an increase in iron ore prices, particularly in September and October.
Leave a Reply