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China iron ore port prices hit 16-month peak on high steel mill operation rates

October 30, 2023 Comments Off

China’s iron ore portside market prices reached a 16-month high Oct. 30 on solid demand supported by high operation rates at Chinese steel mills. Platts, part of S&P Global Commodity Insights, assessed 62% Fe iron ore China port stock indexes, IOPEX, at Yuan 972/wmt FOT East China, the highest level since June 2022, reflecting a speedy Chinese economic recovery. Despite…