Tag: Spot Iron Ore Prices
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China: Spot iron ore price edges up d-o-d amid sustainable seaborne market momentum
Iron ore (Fe 62%) fines spot prices inched up d-o-d by $0.45/t to $136.60/t CFR China on 25 Jan’24 amid continued improvement in market activities seen following the strong economic fundamentals. The mills could not regularly purchase iron ore at high offers as profit margin also played a role for a long time. The increased…