Iron ore fines (Fe 62%) spot prices rose by $0.50/dmt to $104.5/dmt CFR China on 24 Jul’25. The slight uptick came as buying interest improved, though tight landing margins for mainstream fines at Chinese ports continued to cap premiums. Support from adjacent markets, notably coking coal, kept prices firm. With rates elevated, traders are eager to sell, while short-term demand for mainstream grade stays strong.
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