Tag: iron ore spot price China

China’s iron ore fines (Fe 62%) spot prices remained largely stable at $100.1/t CFR on 20 May’25 amid limited fresh trading, as mills’ focus shifted to margin protection. Lower-grade fines remained more favourable, with narrowing discounts, but this trend seemed unsustainable amid declining trade. Additionally, yesterday’s interest rate cuts by the central bank boosted liquidity,…