Tag: China spot iron ore

China: Iron ore spot prices rise $3/t d-o-d on improved import margins

Jan 24, 2024

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by

Admin Operation

in Fines/Lumps

Iron ore (Fe 62%) fines spot prices increased by $2.9/t d-o-d to $132.35/t CFR China on 23 Jan’24 amid purchases for March-delivery cargoes combined with profitable import margins. As per reports, the market saw an increase in seaborne demand following restocking of iron ore by a few steel mills. Positive import margins made seaborne procurements…