Iron ore fines (Fe 62%) spot prices inched up by $0.5/t d-o-d to $110.55/t CFR China on 2 Jul’24 amid firm trading activity following the rise in global shipments. Anticipate further stimulus from the upcoming 15-18 July third Plenum (government officials meeting), focusing on deepening reforms. China’s portside iron ore prices held steady as the market expected increased demand for finished steel in the near term.
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