Iron ore fines (Fe 62%) spot prices increased by $1.2/t d-o-d to $107.35/t CFR China on 19 Jun’24. Prices rose after significant volumes of medium-grade fines were traded, but the focus on downstream margins remained crucial for short-term purchases. Chinese portside prices were stable as spot demand was low. However, reports suggest that steel mills are showing little interest in procuring spot cargoes.
