The spot price of benchmark iron ore Fe 62% fines climbed $8.5/t to $118.65/t CFR China on 27 Sep’21 as Chinese buyers remained active in procuring seaborne cargoes ahead of the Chinese Golden Week holidays. Also, seaborne iron ore lump premiums have climbed on steady transactions concluded by an Australian iron ore major. Market participants expect sentiments to remain positive in the near-term.
Leave a Reply