Spot prices of iron ore fines (Fe 62%) rose by $1.35/t d-o-d to $105.15/t CFR China on 12 Jun’24, driven by strong demand and improved landing margins. Despite increased trader interest, end-consumers may hesitate due to weak near-term steel demand. With the flood season in southern China approaching, iron ore and steel are entering an off-peak period, keeping overall demand constrained.
