Iron ore futures climbed above CNY 790 per ton, reaching near two-month highs as the intensifying conflict in the Middle East began disrupting shipments of the key steelmaking ingredient. At least three cargoes of iron ore mined by the UK’s Anglo American Plc and two from Brazil’s Vale SA have had their destinations changed, according to ship-tracking analytics data. Steelmakers in the Middle East rely heavily on imports of premium iron ore for pellets used in direct reduced iron production, a crucial precursor in steelmaking, with Oman and Bahrain serving as the region’s main pellet producers. The diverted cargoes were redirected to East Asia, including China, Malaysia, and Vietnam. Shipping flows through the Strait of Hormuz remain effectively shut due to Iranian attacks on vessels. The narrow waterway has also served as a key route for China’s steel exports to the Gulf, which has become China’s second-largest export market.

Iron Ore CNY rose to 795.50 CNY/T on March 12, 2026, up 1.02% from the previous day. Over the past month, Iron Ore CNY's price has risen 6.64%, and is up 1.66% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Iron Ore CNY reached an all time high of 1337 in May of 2021. This page includes a chart with historical data for Iron Ore CNY. Iron Ore CNY - data, forecasts, historical chart - was last updated on March 12 of 2026.

Iron Ore CNY rose to 795.50 CNY/T on March 12, 2026, up 1.02% from the previous day. Over the past month, Iron Ore CNY's price has risen 6.64%, and is up 1.66% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Iron Ore CNY is expected to trade at 768.84 CNY/T by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 723.75 in 12 months time.



Price Day Month Year Date
Iron Ore CNY 795.50 8.00 1.02% 6.64% 1.66% Mar/12
Lithium 158,000.00 -1000 -0.63% 9.91% 111.37% Mar/12
Platinum 2,163.70 -40.60 -1.84% 4.17% 115.32% Mar/12
HRC Steel 1,062.93 11.93 1.14% 9.36% 13.08% Mar/12
Iron Ore 103.53 0.31 0.30% 3.15% 2.06% Mar/11
Titanium 46.50 0 0% 2.20% -1.06% Mar/12


Iron Ore CNY
Iron ore is a rock or mineral from which metallic iron can be economically extracted. It is estimated that over 95% of mined iron ore is used to make steel through blast furnaces, which is essential for construction through steel rebars or manufacturing through sheets and coils. Major iron ore miners include Australia, China, Brazil, India, Russia, and South Africa.
Actual Previous Highest Lowest Dates Unit Frequency
795.50 787.50 1337.00 284.00 2013 - 2026 CNY/T daily

News Stream
Iron Ore Extends Rally on Mideast Disruptions
Iron ore futures climbed above CNY 790 per ton, reaching near two-month highs as the intensifying conflict in the Middle East began disrupting shipments of the key steelmaking ingredient. At least three cargoes of iron ore mined by the UK’s Anglo American Plc and two from Brazil’s Vale SA have had their destinations changed, according to ship-tracking analytics data. Steelmakers in the Middle East rely heavily on imports of premium iron ore for pellets used in direct reduced iron production, a crucial precursor in steelmaking, with Oman and Bahrain serving as the region’s main pellet producers. The diverted cargoes were redirected to East Asia, including China, Malaysia, and Vietnam. Shipping flows through the Strait of Hormuz remain effectively shut due to Iranian attacks on vessels. The narrow waterway has also served as a key route for China’s steel exports to the Gulf, which has become China’s second-largest export market.
2026-03-12
Iron Ore Hits 5-Week High
Iron ore futures climbed above CNY 780 per ton, reaching a five-week high as the expanding Middle East conflict threatened to disrupt global supply chains and push freight costs higher. The crisis has effectively shut the Strait of Hormuz, a key route for China’s steel exports to the Gulf. The region has become China’s second-largest export market, accounting for about 16% of shipments last year. Prices were also supported by China’s pledge to support the steel sector by curbing excess capacity. Economic planners at the National People’s Congress signaled plans for orderly cuts to steel output capacity, a move that could lift steel prices and improve profit margins. This, in turn, may strengthen demand for steelmaking raw materials such as iron ore. Chinese steel mills, however, continue to face pressure from persistent oversupply amid a prolonged property sector downturn, while exports are increasingly constrained by protectionist measures abroad.
2026-03-09
Iron Ore Hits 1-Month High
Iron ore futures climbed toward CNY 770 per ton, reaching a one-month high as China renewed its commitment to support the steel sector by curbing excess capacity. Economic planners at the National People’s Congress signaled plans for orderly reductions in steel output capacity, a move that could lift steel prices and improve profit margins. This in turn may bolster demand for steel-making raw materials such as iron ore. Chinese steel mills continue to face pressure from persistent oversupply amid a prolonged property sector downturn, while steel exports are increasingly constrained by protectionist measures abroad. Meanwhile, Beijing set a 2026 GDP growth target of 4.5%–5%, the lowest since the early 1990s, as the country grapples with ongoing deflationary pressures and higher US tariffs.
2026-03-06