China: Iron ore spot prices remain largely stable during holidays

Benchmark iron ore fines (Fe61%) spot prices edged up by $0.15/t to $108.35/dmt CFR China on 6 Apr’26. Seaborne trade remained muted as Chinese buyers and mills stayed away due to holidays. Activity is expected to pick up post-resumption, with seaborne premiums holding firm for forward laycans. Meanwhile, rising port stocks are squeezing importers margins, keeping preference tilted towards prompt cargoes.