China: Iron ore spot prices hold firm post holidays
Iron ore fines (Fe 61%) spot prices stood at $108.55/dmt CFR China on 5 May'26. Seaborne iron ore prices stayed rangebound as market participants awaited the return of Chinese buyers after the Labour Day break. Trading remained thin, but anticipated restocking and seasonal steel demand in May are expected to lend support, along with cost pressures stemming from volatile freight rates.