The main iron ore contract, I2605, trended strongly, closing at 777.5 CNY/tonne, up 1.63% from the previous trading day. Traders were active in offloading cargoes, whilst steel mills remained cautious, maintaining a wait-and-see approach and procuring strictly on a needs basis. Overall trading sentiment was moderate. Port spot prices rose by 5–10 CNY/tonne compared to …

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