Iron ore fines (Fe 62%) spot prices lifted by $0.55/dmt to $106.6/dmt CFR China on 25 Nov’25. The seaborne market saw active trading, with major miners offering cargoes and firmer buying interest for January shipments. Enquiries for January laycan cargoes increased, supported by improved sentiment on expectations of a US Fed rate cut, though unchanged fundamentals continue to limit overall buying.
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