Tag: US-China tariff extension
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China: Iron ore spot prices inch up by $1/dmt d-o-d
Iron ore fines (Fe 62%) spot prices rose by $1.1/dmt to $104/dmt CFR China on 12 Aug’25. The uptrend was fuelled by active trading due to the 90-day US-China tariff extension. Firmer steel prices also lifted iron ore tags. Meanwhile, port-stock prices also climbed up with coking coal’s rally, though high rates kept liquidity thin…