China: Iron ore spot prices inch up d-o-d on strong cargo buying
Iron ore fines (Fe 62%) spot prices inched up by $0.75/dmt to $107.35/dmt CFR China on 26 Nov'25 due to increased trading activity for Jan'26 cargoes, which boosted market liquidity and supported mainstream grades. Buyers moved in to secure material ahead of upcoming shipments, creating short-term demand strength despite weak steel mill margins and cost pressures from higher coke prices.