Iron ore fines (Fe 62%) spot prices increased by $1.15/t d-o-d to $100.25/dmt CFR China, a two-month high, on 17 Jul’25. The rebound was primarily sentiment-driven, with the market contango leading to improved trade activity. Seaborne cargoes offered better returns than portside material. Both absolute prices and premiums increased. However, there was little change in fundamentals.
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