China: Iron ore spot prices decline by $3/t d-o-d
Iron ore fines (Fe 61%) spot prices dropped $2.65/t d-o-d to $104.7/dmt CFR China on 9 Apr'26. Prices eased on limited buying interest in mainstream medium-grade material across seaborne and port markets, with cautious procurement continuing. The decline was driven by weaker steel demand, expectations of higher supply, and a softer supply-demand balance, while increased portside availability under long-term contracts may cap price upside.