China: Iron ore prices edge up d-o-d
Iron ore fines (Fe 61%) spot prices rose by $1.45/t to $104.15/dmt CFR China on 29 Jan'26. Market sentiment improved after China eased real estate policies, lifting steel prices. Strong futures rally kept spot activity quiet as buyers stayed cautious, while fast price gains slowed port trade. With more blast furnaces restarting, mills are expected to step in for final restocking before New Year.