China: Iron ore spot prices remain stable d-o-d amid limited trades
Iron ore fines (Fe 62%) spot prices remained stable d-o-d, inching down by $0.20/t to $100.90/t CFR China on 15 Jan'25 amid subdued spot trading. Transaction volumes were limited, as most mills have finished their procurement, though some seaborne trades continued. As per reports, the market expects steel production to recover after the Lunar New Year, which may support prices in the near term.