China: Iron ore spot prices edge up by $1/dmt d-o-d
Iron ore fines (Fe 62%) spot prices rose by $1.25/dmt to $106.05/dmt CFR China on 24 Nov'25, supported by steady buying interest for mid-grade fines against 61% Fe for January deliveries. Winter restocking and firm steel prices lifted sentiment, though fundamentals remain soft. Real estate support has not materialised yet, but upcoming political meetings and stable mill margins may keep restocking active.