Iron ore fines (Fe 62%) spot prices increased $1.1/t to $99.45/t CFR China on 14 Apr’25. The uptick came amid renewed trading interest, with mills procuring high- and medium-grade cargoes at a stable premium, though on a need-only basis. Due to ample supply and cheaper portside prices, mills shifted focus to the spot market. However, secondary market activity was sluggish, as participants awaited clearer direction.
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