Iron ore fines (Fe 62%) spot prices increased by $3.35/t d-o-d to $110.05/t CFR China on 1 Jul’24 amid some new trading activity at the start of the month. The main focus is on the upcoming third plenary session in mid-July, which may introduce more specific policy benefits. Mills have purchased as needed, as the market may fluctuate before the Plenum, leading to expected volatility.
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