China: Iron ore spot prices inch down by $1/t d-o-d

Benchmark Fe 61% iron ore fines prices fell by $0.85/t d-o-d to $107.65/dmt CFR China on 31 Mar’26 amid weak end-user demand. Earlier drawdown of port inventories by mills weighed on near-term demand, and low-grade fines remained under pressure as miners increased discounts for Apr’26 term contracts. Meanwhile, shrinking portside resale margins and elevated port handling costs reduced demand for additional imports.