Tag: China construction slowdown

China: Iron ore spot prices fall by over $1/t d-o-d as fundamentals weaken

Jun 4, 2026

—

by

Adarsh Sahu

in Fines/Lumps

DCE futures decline by RMB 10/t ($1.5/t) d-o-d High inventories weigh on market sentiment Iron ore fines (Fe 61%) spot prices declined by $1.35/dmt d-o-d to $103.35/dmt CFR China on 3 June 2026 against 2 June. The downturn was mainly attributed to the market’s renewed focus on weak underlying demand fundamentals after sentiment in the…