Iron ore fines (Fe 62%) spot prices increased by $0.55/t d-o-d to $106.35/t CFR China on 3 Dec’24 following expectations of supportive macroeconomic policies in the near term. Seaborne trading liquidity remained strong, as major iron ore miners offered cargoes during yesterday’s trading session. Market sentiment improved in anticipation of the Central Economic Work Conference, with potential stimulus measures expected to be announced.
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