China: Iron ore spot prices remain supported d-o-d
Iron ore fines (Fe 61%) spot prices remained largely stable, edging down by $0.15/dmt d-o-d to $111.5/dmt CFR China on 8 May'26. Prices saw a slight correction after the previous session's gains amid cooling trading activity. Healthy mill margins and firm raw material costs supported sentiment, though expectations of higher shipments and ample port-side supplies may pressure medium-grade ore prices ahead.