Tag: China spot iron ore
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China: Iron ore spot prices rise by nearly $7/t d-o-d
The spot price of iron ore in China increased on 20 May’22 on recovery in demand outlook. Benchmark Fe 62% fines prices increased by $6.85/t to $136.25/t CFR China. The rise in seaborne iron ore prices coincides with news of mortgage rate cuts in China that injected optimism into the market, resulting in an increase…