Iron ore fines (Fe 62%) spot prices fell by $0.4/dmt to $102.0/dmt CFR China on 3 Feb’26 d-o-d. Prices edged lower as sentiment weakened on rising port stocks, possible steel output cuts, and soft demand. Spot activity was thin after mills completed pre-Lunar New Year restocking, while falling futures kept buyers on the sidelines in expectation of further price declines.
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