Iron ore fines (Fe 62%) spot prices inched up by $1/t d-o-d to $96.35/t CFR China on 4 Jun against 3 Jun. The rebound was supported by renewed buying, particularly for medium-grade fines, amid an uptick in coking coal prices. However, reports suggest the uptick may be short-lived, given the bearish market outlook and the presence of more economical alternatives like pellets.
Leave a Reply