China: Iron ore spot prices jump by over $1/dmt d-o-d
Iron ore fines (Fe 61%) spot prices increased by $1.3/dmt d-o-d to $102.65/dmt d-o-d CFR China on 6 Mar’26. Seaborne iron ore gained alongside firmer finished steel prices, while macro cues continued to support iron ore futures. Rising freight concerns linked to tensions in the Middle East also buoyed commodity paper markets. Limited trades were seen, with most buyers maintaining need-based procurement.
