Tag: China spot iron ore
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China: Iron ore prices inch up as trading activity improves
The spot price of iron ore in China rose on 7 Jul’22 due to improved trading activity and news about government stimulus policies aimed at improving China’s economy. Benchmark Fe 62% fines prices inched up by $2.5/t to $114.85/t CFR China. However, inherent steel demand remained weak, with poor trading volumes at portside and steel…