China: Iron ore prices edges up by over $1/dmt d-o-d
Iron ore fines (Fe 61%) spot prices increased by $1.2/t to $104.65/dmt CFR China on 23 Jan , supported by positive market sentiment and steady trading activity. Prices strengthened on a firmer market tone, while expectations of stronger pre-Lunar New Year restocking provided additional support, with some mills already stepping up purchases.