China’s iron ore fines (Fe 62%) spot prices declined for the third consecutive day on 17 Feb’25, by $0.45/t d-o-d to $106.35/t CFR, amid cautious buying, stemming from weak market fundamentals. Reportedly, the market remained largely unchanged, with procurement lagging due to weak mill margins. Australian ports and mining operations are gradually resuming post-Hurricane Zelia, but shipments have been affected, leading to delayed vessel schedules.
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