China’s iron ore fines (Fe 62%) spot prices rose $1.05/t d-o-d to $105.45/t CFR on 29 Nov’24 amid optimism surrounding Jan restocking and significant macroeconomic events in Dec. The late-Dec to early-Jan period is generally an ideal time for procurement, with strong port-side liquidity driving higher premiums. Consequently, port prices increased in anticipation of winter restocking, and demand for medium-grade fines remains strong.
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