China: Iron ore spot prices inch up by $2/dmt d-o-d
Iron ore fines (Fe 61%) spot prices increased by $1.9/dmt d-o-d to $107.45/dmt CFR China on 16 Apr'26. Prices rose on improved liquidity from fresh increased supply and stronger-than-expected China macro data, though gains were capped by weak trading activity. Meanwhile, expectations of stronger steel exports amid Middle East peace talks, along with potential sintering curbs, favouring high-grade ore demand, lent additional support to prices.