China: Iron ore spot prices edge up by $1/t amid cautious optimism
Iron ore fines (Fe 62%) spot prices rose by $1/t d-o-d to $108.85/dmt CFR China on 29 Dec'25 against 26 Dec. Prices were supported by improved sentiment, fresh medium-grade fines trades, policy optimism, and limited mill restarts after maintenance. However, weak fundamentals suggest the uptick may be short-lived, with port prices likely to face near-term pressure.