DAILY: China's Iron Ore Prices Climbed to $120 on Wednesday Benchmark 62% iron ore spot price climbed to $120.2 a tonne on Wednesday, based on SteelHome consultancy data SteelHome China Iron Ore Price Index (SHCNOI). According to SteelHome survey, traders were active in iron ore sales. For mills, only some with rigid demand purchased iron ore today. Currently, some mills have increased the utilization of medium Fe grade iron ore fines whose cost performance increased lately. SteelHome considers that prices of medium Fe grade iron ore fines may observe rangebound movements in the short run. Other Info: Price Aggregates of Imported Ore at China Main Ports on Oct 21, 2020