China: Iron ore spot prices hold steady d-o-d
Iron ore fines (Fe 62%) remained unchanged at $103.6/dmt CFR China on 13 Nov'25. Prices held steady, with sentiment muted amid weak fundamentals. Buying remained concentrated in mid-grade fines, which continued to move steadily at ports, while other grades saw limited interest and growing import losses for traders. Mills maintained a cautious procurement approach, keeping the market broadly range-bound.