Tag: Golden Week restocking
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China: Iron ore spot prices rise $1/dmt d-o-d amid restocking expectations
Iron ore fines (Fe 62%) spot prices increased by $0.85/dmt d-o-d to $102.7/dmt CFR China on 2 Sep’25. Prices rose, rebounding from yesterday’s drop, supported by restocking expectations ahead of Golden Week and an anticipated demand pick-up once mills resume operations.Trades are expected to increase in the latter half of the week once the military…