Spot price for iron ore fines (Fe 62%) increased by $2.5 yesterday to $165.95/t CFR China following supportive iron ore futures market. Although, mixed sentiments appeared in the spot market about iron ore demand and price trends for the near-term. Chinese iron ore futures moved up by RMB 10 yesterday to close at RMB 1,071.5/t, as per SteelMint’s assessment.
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