China: Iron ore prices fall by over $1/dmt d-o-d
Iron ore fines (Fe 61%) spot prices drop by $1.3/t to $103.35/dmt CFR China on 26 Jan'26. The softer trend attracted buying interest, with mills taking advantage of the dip to replenish stocks ahead of the Lunar New Year holiday. Pre-holiday restocking activity in the closing weeks supported transactions. Market liquidity for spot cargoes is expected to improve further, supported by steady port destocking.