Iron ore fines (Fe 62%) spot prices dipped by $0.65/t d-o-d to $105.35/t CFR China on 17 Dec’24, pressured by abundant portside inventories and increased preference for cost-effective alternatives, which offer favourable specifications. Blending options and weak buying interest for seaborne cargoes arriving during the Lunar New Year further dampened demand, softening premiums for the latter.
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