Tag: china iron ore price rise
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China: Iron ore prices surge amid slight fall in seaborne trade
The spot price of iron ore in China improved on 27 Sep’22 as a slight fall in seaborne trade was seen. Benchmark Fe 62% fines prices increased by $1.55/t to $97.60/t CFR China. As the secondary market slowly moves towards the Golden week holidays, seaborne buying interest has remained weak. Meanwhile, strong import margins were…