China: Iron ore spot prices hold firm d-o-d
Iron ore fines (Fe 62%) prices remained largely stable, edging up slightly by $0.3/dmt d-o-d to $104.9/dmt CFR China on 5 Nov'25. Steady buying interest in medium-grade fines lent support amid limited spot market liquidity. Port-stock prices hovered in a narrow range, as traders held back offers amid weak landing margins, while mills bought cautiously, given subdued steel demand.