China’s iron ore fines (Fe 62%) spot prices dropped by $1.75/t d-o-d to $97.05/t CFR on 6 Jan’25. Trading activity slowed amid weak fundamentals ahead of the Lunar New Year holidays, and seaborne demand is not expected to improve. Consequently, low-grade and discounted products will likely remain the most cost-effective options for end-users. As per reports, raw material prices and margins may remain low.
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