The spot price of iron ore in China improved on 27 Sep’22 as a slight fall in seaborne trade was seen. Benchmark Fe 62% fines prices increased by $1.55/t to $97.60/t CFR China. As the secondary market slowly moves towards the Golden week holidays, seaborne buying interest has remained weak. Meanwhile, strong import margins were maintained to support the buying interest for mainstream medium-grade fines.
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