Tag: Lunar New Year restocking
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China: Iron ore prices fall by over $1/dmt d-o-d
Iron ore fines (Fe 61%) spot prices drop by $1.3/t to $103.35/dmt CFR China on 26 Jan’26. The softer trend attracted buying interest, with mills taking advantage of the dip to replenish stocks ahead of the Lunar New Year holiday. Pre-holiday restocking activity in the closing weeks supported transactions. Market liquidity for spot cargoes is…