Tag: restocking demand
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China: Iron ore spot prices climb up by $2/dmt d-o-d
Iron ore fines (Fe 62%) spot prices rose by $1.95/dmt d-o-d to $107.65/dmt CFR China on 9 Sep’25, supported by stronger buying interest for October cargoes. Mills, which faced pressure from thin margins, opted for discounted, high-impurity cargoes, lifting demand for non-mainstream supplies. Portside prices rose on stronger sentiment and hopes of higher molten iron…