Iron ore fines (Fe 62%) prices inched up by $0.95/dmt to $103/dmt CFR China on 10 Nov’25, supported by mildly bullish sentiment from ongoing US-China trade talks, whose outcome is expected to be positive. However, market activity remained sluggish, with participants expecting the price rise to be short-lived amid weak demand, furnace maintenance, and an oversupplied market with thin margins.
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