Benchmark iron ore Fe 62% fines prices in China rose by $1.2/t d-o-d to $122.7/t CFR on 18 Jan’23 on strong trading activity and optimistic demand outlook post the Lunar New Year holidays. Chinese end buyers were still heard favouring cost-effectiveness over quality since mills’ margins were still tight. Portside trading activity was calm as most steel mills finished their pre-holiday restocking activities.
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