Iron ore fines (Fe 62%) spot prices edged up marginally by $0.45/dmt d-o-d to $103.9/dmt CFR China on 30 Sep’25. Prices edged up on contract talks but trading remained slow before Golden Week. Futures were volatile, while spot deals stayed thin as mills had already stocked up. Lump premiums weakened on oversupply, weak steel margins, and rising inventories.
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