Tag: global iron ore trends
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China: Iron ore spot prices edge up by $1/dmt d-o-d amid cautious optimism
Iron ore fines (Fe 62%) prices inched up by $0.65/dmt to $107.15/dmt CFR China on 28 Oct as buying activity picked up slightly in the secondary market. The modest rise signals a brief recovery in sentiment, though fundamentals remain weak. As per reports, prices are expected to stay under pressure, with limited scope for sustained…