China: Iron ore spot prices rise d-o-d
Iron ore fines (Fe 61%) spot prices rose by $1.2/dmt to $110.0/dmt d-o-d CFR China on 17 Mar d-o-d. Chinese steel futures rose d-o-d on better downstream demand and improved mill output outlook, supporting sentiment. However, seaborne activity stayed muted as major miner talks delayed buying, limiting spot deals. Import losses and high portside stocks capped price gains and curbed offer increases.