The spot price of iron ore rose with the release of China’s macroeconomic data, which boosted the outlook slightly despite the fact that the country’s COVID-19 situation continues to stymie demand growth for finished steel. Benchmark Fe 62% fines prices moved up by $4.25/t to settle at $154.85/t CFR China. Despite the rise in prices, seaborne liquidity remains thin, with few enquiries heard.
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