China: Iron ore spot prices edge higher on improved macro sentiment
Iron ore fines (Fe 62%) increased by $1.70/t d-o-d to $105.3/dmt CFR China on 17 Nov'25 due to improved macroeconomic sentiment ahead of China's Dec'25 Politburo meeting, which boosted expectations of supportive fiscal policies. Stronger finished steel trades and slight optimism in mill buying also supported prices, even as physical market liquidity remained thin and mill margins tight.