Tag: Labour Day impact

China: Spot iron ore prices increase by $1/t d-o-d with slow market amid Labour day holidays

May 6, 2025

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by

Adarsh Sahu

in Fines/Lumps

Iron ore fines (Fe 62%) spot prices inched by $1.25/t to $98.15/t CFR China on 5 May’25. The price uptick is attributed to a recovery in market momentum following the Labour Day holidays, however, trading activity was slowed with mills purchasing on need basis. According to reports, the market fundamentals remain robust, with steel mills…