China: Iron ore spot prices inches up by $1/t d-o-d
Iron ore fines (Fe 61%) spot prices increases by $0.80/t d-o-d to $105.55/dmt CFR China on 15 Apr'26. Prices rose as market liquidity improved with the return of major miners and easing restrictions on mid-grade products. The uptick was supported by increased inquiries and higher pig iron production at mills. While trade activity may improve, mills remain cautious and await clearer price direction before bulk procurements.