Spot prices of iron ore fines (Fe 62%) inched down by $0.45/t d-o-d to $106.35/t CFR China on 5 Jun’24 despite a recovery in buying interest. There is a surge in buying interest in the seaborne market due to improved landing margins resulting from recent lower iron ore prices. As per reports, high port stock levels of iron ore may also limit mills’ interest in seaborne procurements for now.
