Spot iron ore price rises on demand for medium grade fines

Iron ore spot price yesterday (2 Sep ’20) continued rising for the fourth straight day on strong demand for medium grade fines cargoes. Spot price for Fe 62% fines was assessed at $128.05/t CFR China, up $2.6 d-o-d. Stocking by mills remained on anticipation of stricter pollution control in winter.


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