Iron ore fines (Fe 62%) spot prices rose $0.4/t d-o-d to $103.35/t CFR China on 26 Nov’24 amid winter restocking ahead of the Chinese New Year in Jan’25. While some mills maintained low inventories following high port stocks and import losses, others resold cargoes amid decent liquidity for medium-grade fines. Mills strived to keep blast furnace feed ratios flexible; planned maintenance may restrict price hikes.
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