Tag: high-grade vs medium-grade iron ore spread
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China: Iron ore spot prices drop over $1/dmt d-o-d
Iron ore fines (Fe 62%) spot prices fell by $1.4/t to $105.0/dmt CFR China on 11 Dec. Asian seaborne prices eased d-o-d on weak liquidity, while port-stock prices also dipped despite better buying interest and restocking appetite from mills. The 65%-62% Fe spread also widened, and some mills and traders moved quickly to secure cargo…