The spot prices of iron ore Fe 62% fines increased by $4.3/t d-o-d to $88.05/t CFR China on 4 Nov’22 amid a recovery in steel prices. The rumours of positive tweaks to China’s Covid-19 rules boosted market players’ optimism, with some sources predicting a recovery in the iron ore market. Despite an increase in portside prices, portside liquidity improved, and trading volumes increased as well.
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