The spot prices of iron ore in China increased d-o-d amid an upsurge in seaborne liquidity throughout the earlier Asian hours. Benchmark Fe 62% fines prices moved up by $1.8/t to $117.35/t CFR China on 30 Dec’22. Iron ore prices were likely to rise in the short-term as construction demand in China may increase around March’23, promoting the usage of greater Fe content medium-grade fines.
Leave a Reply