Iron ore fines (Fe 62%) spot prices increased by $1.10/t d-o-d to $103.75/t CFR China on 25 Jun’24. However, trading liquidity decreased for the week, with limited procurement activity from end-users and trading houses. The market players are in a wait-and-watch mode, showing hesitancy towards immediate procurement, leading to subdued demand in recent days. However, mills are opting for cheaper fines to improve production margins.
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