China’s iron ore fines (Fe 62%) spot prices remained steady d-o-d at $105.80/t CFR on 10 Dec’24, supported by robust trading but pressured by cooled sentiments following this week’s Politburo meeting. Reportedly, traders want to avoid risks with recent dollar market cargoes, as their loading and shipping times coincide with Lunar New Year. Mills preferred the port-side market amid easier liquidity, particularly at eastern ports.
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