Tag: seaborne iron ore supply
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China: Iron ore spot prices rise by $1/dmt d-o-d
Iron ore fines (Fe 62%) spot prices increased by $0.9/dmt d-o-d to $103.6/dmt CFR China on 3 Sep’25. The price rise came despite thin trading in medium-grade fines, as demand for Oct’25 cargoes is expected to strengthen soon. Rising prices made steel mills cautious, with iron ore traders receiving fewer inquiries for spot cargoes, with…