Iron ore fines (Fe 62%) spot prices rose by $1/dmt (0.9%) d-o-d to $106.2/dmt CFR China on 16 Dec. Prices edged up as fresh February-laycan mainstream fines resurfaced in the market which improved buying. While wider discounts were expected in a weakening environment, the return of liquidity stood out after days of thin trade, supported by the availability of full-month and later laycan cargoes.
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