en.Wedoany.com Reported - Recently, China's iron ore fines (Fe 61%) spot prices remained flat day-on-day at $107.6/dry metric ton, CFR China. No price fluctuations occurred in the iron ore market on that day, with demand fundamentals remaining stable. The iron ore prices traded steadily on the aforementioned date, supported by multiple factors including sustained restocking activities, blast furnace hot metal output maintaining a high level, and resilient downstream steel demand.

From the supply-demand structure perspective, beyond stable demand, the optimistic outlook on the supply side also helped balance prices in the iron ore market. Expectations of increased supply partially offset the supportive forces from demand, causing spot iron ore prices to show no significant changes. Inventory data from major domestic ports indicates that although total stocks remain at a high level, recent procurement rhythms by steel mills have led to signs of phased destocking.

However, the market did not exhibit a broadly bullish pattern. Ahead of the holiday, steel mills maintained rationality in procurement, with purchasing activities generally restrained. Most enterprises opted for flexible procurement based on immediate needs rather than actively building inventories. This relatively cautious procurement strategy to some extent curbed the upward momentum of iron ore prices. Overall, on April 22, 2026, China's iron ore spot market maintained a price equilibrium amid a mix of bullish and bearish factors.

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