Tag: Sino-US talks impact
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China: Iron ore spot prices inch up by $1/t d-o-d on eased tariff tensions
Chinese iron ore fines (Fe 62%) spot prices increased by $0.8/t d-o-d to $95.75/t CFR on 11 Jun’25, following improved trade relations and restocking needs. Notably, the US and China agreed to a trade truce yesterday. This development sparked optimism in the futures market, positively impacting the physical market as well.