China: Iron ore spot prices hold firm d-o-d
Iron ore fines (Fe 61%) prices edged up by $0.15/dmt to $108.05/dmt CFR China on 30 Apr, despite subdued trading ahead of the Labor Day holidays. Portside activity remained limited as mills completed pre-holiday restocking. However, sentiment stays positive, with market participants expecting stronger demand post-holiday amid the typical seasonal uptick in steel consumption during May.