China: Iron ore spot prices edge up d-o-d
Iron ore fines (Fe 62%) spot prices rose marginally by $0.2/t to $105.2/dmt CFR China on 12 Dec'25. Mid-grade discounts continued to widen in the seaborne market, while limited interest in low-grade cargo kept tradable levels subdued amid thin liquidity. The near-term outlook remains bearish, with pig iron output declining and ongoing blast furnace maintenance further restricting steel mill demand.