Tag: china iron ore price stable
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China: Iron ore spot prices largely stable d-o-d amid constant fundamentals
Spot prices of iron ore in China remained largely stable d-o-d as the demand-supply fundamentals in the market were constant. Benchmark Fe 62% fines prices went up by $0.10/t to $109.70/t CFR on 6 Dec’22. Seaborne buying interest remained steady, as some market participants were hesitant to buy cargoes amid the rapid rise in iron…