Iron ore fines (Fe 62%) spot prices increased by $2/t d-o-d to $107.10/t CFR China on 12 Dec’24. Seaborne prices were boosted by positive sentiment following China’s Central Economic Work Conference on 11-12 Dec, which emphasised active macroeconomic policies and boosting domestic demand. However, portside trading remained subdued, focusing on medium-grade fines, as winter blast furnace maintenance dampened demand, particularly in the northern region.
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