China: Iron ore spot prices climb up by over $2/dmt after market resumption
Iron ore fines (Fe 61%) spot prices jumped by $2.1/dmt to $99.0/dmt d-o-d CFR China on 25 Feb, supported by renewed market activity after the holiday period. Gains were driven by active trading and improved sentiment after Shanghai eased home-buying rules. However, portside trading remained limited as mills delayed restocking, while higher trader offers curbed buying interest.