Spot iron ore Fe 62% fines price yesterday (11 Sep’20) closed higher at $129.05/t CFR China, up $2.75 d-o-d, with spot sales being concluded by major miners. Strong speculative interest for medium grade fines was seen in the market on the back of improving cost-efficiency compared with high-grade and low-grade blending mixes. In addition to it, iron ore futures also closed higher yesterday.
Leave a Reply