China: Iron ore spot prices edge down d-o-d
Iron ore fines (Fe 61%) spot prices dipped slightly by $0.2/t to $108.8/dmt CFR China on 16 Mar against 13 Mar'26. Trading activity remained subdued across seaborne and domestic markets, with weak demand linked to an advisory from CMRG restricting Newman fines in the spot market, keeping buyers cautious and activity muted. Most mills continued a wait-and-watch approach, further weighing on overall trading momentum.