China: Iron ore spot prices remain largely stable d-o-d
Benchmark iron ore fines (Fe61%) spot prices remained largely unchanged at $108.4/dmt CFR China on 7 Apr'26. Trading picked up after the holidays, helped by improved landing margins, with steady enquiries for blended ore. However, high port inventories kept prices from rising further. With steel production gradually increasing, trading is likely to gain momentum, though mills will focus on cost-efficient buying.