China: Iron ore spot prices decline by $1/dmt d-o-d
Iron ore fines (Fe 62%) inched down by $0.65/dmt to $102.35/dmt CFR China on 11 Nov'25. Prices softened, as mid-grade fines saw limited trades at discounted levels. Port-stock prices fell further on weak buying, as mills stayed cautious and maintained low inventories, opting for need-based purchases. Preference for fines over lumps remained steady, further pressuring the lump market.