China: Iron ore spot prices edge up by $1/dmt d-o-d
Iron ore fines (Fe 62%) prices inched up by $0.95/dmt to $103/dmt CFR China on 10 Nov'25, supported by mildly bullish sentiment from ongoing US-China trade talks, whose outcome is expected to be positive. However, market activity remained sluggish, with participants expecting the price rise to be short-lived amid weak demand, furnace maintenance, and an oversupplied market with thin margins.