China: Iron ore spot prices edge down marginally d-o-d
Iron ore fines (Fe 62%) spot prices fell by $0.35/t d-o-d to $108.5/dmt CFR China on 30 Dec. Market liquidity remained healthy, as some mills took advantage to secure cargoes through last-minute restocking ahead of the three-day holiday-related port closure. Trading was active, with deals largely revolving around medium-grade fines, reflecting mills' preference for balanced cost and operational flexibility.