China: Iron ore spot prices inch up d-o-d
Iron ore fines (Fe 62%) spot prices rose $0.1/dmt d-o-d to $107.45/dmt CFR China on 27 Nov'25 amid steady demand, while miners actively offered material. Medium-grade fines drew most interest, while demand for other grades remained weak. Port prices held steady despite stronger steel data, with thin trading limiting gains. Mills continued to favour medium and low-grade fines, though winter typically supports lump demand.