China: Iron ore spot prices edge down by $1/t d-o-d
Iron ore fines (Fe 61%) spot prices dropped by $0.75/dmt to $108.7/dmt CFR China on 24 Mar d-o-d. Trading activity picked up despite stalled negotiations, with prices supported by higher hot metal output, supply concerns, and improved portside trades. Stable blast furnace operations sustained raw material demand even as steel consumption remained weak. Buying was focused on lower-grade material.
