The spot price for iron ore Fe 62% fines yesterday inched up by $0.9 d-o-d to $120.4/t CFR China on improved portside trades, however, liquidity remained weak in the iron ore spot market. Sentiments in the iron ore futures market were lifted by slight optimism in Chinese steel market backed by strengthening the Chinese Yuan. DCE iron ore futures yesterday closed at RMB 797/t, up by RMB 8 d-o-d.
Leave a Reply