China: Iron ore prices rise $1/t d-o-d amid high buying activities
Iron ore (Fe 62%) fines spot prices increased by $1.15/t d-o-d to $134.95/t CFR China on 20 Dec'23 amid multiple buying of medium-grade fines. According to reports, some market participants have begun securing shipments scheduled for February to capitalize on the post-holiday demand revival. Meanwhile, others are favouring cargoes set to arrive before the Chinese New Year holidays.