Iron ore futures rose above CNY 810 per ton, reaching their highest level in more than a month, supported by strong buying in mainland China as trading resumed after the May Day holiday. Sentiment was further lifted by a continued drawdown in steel inventories, which have now declined for seven consecutive weeks, pointing to potential restocking demand for raw materials. On the macro front, China’s manufacturing PMI remained in expansion territory, while policymakers in Beijing continued efforts to stabilize the real estate sector, improving the broader economic outlook. In corporate developments, UK-based Cadence Minerals said DEV Mineração has obtained an Installation Licence from the environmental authority in Brazil’s Amapá state, enabling key refurbishment and construction activities at the Amapá Iron Ore Project, including preparations to restart the Azteca processing plant.

Iron Ore CNY rose to 818.50 CNY/T on May 7, 2026, up 0.31% from the previous day. Over the past month, Iron Ore CNY's price has risen 3.74%, and is up 17.94% 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 1692 in April of 2026. This page includes a chart with historical data for Iron Ore CNY. Iron Ore CNY - data, forecasts, historical chart - was last updated on May 7 of 2026.

Iron Ore CNY rose to 818.50 CNY/T on May 7, 2026, up 0.31% from the previous day. Over the past month, Iron Ore CNY's price has risen 3.74%, and is up 17.94% 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 803.67 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 843.84 in 12 months time.



Price Day Month Year Date
Iron Ore CNY 818.50 2.50 0.31% 3.74% 17.94% May/07
Lithium 190,500.00 3000 1.60% 20.19% 191.95% May/07
Platinum 2,102.10 39.50 1.92% 1.67% 115.73% May/07
HRC Steel 1,126.07 -8.93 -0.79% 4.07% 26.52% May/07
Iron Ore 110.86 2.28 2.10% 2.34% 11.61% May/06
Titanium 48.00 0 0% 2.13% -4.95% May/07


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
818.50 816.00 1692.00 284.00 2013 - 2026 CNY/T daily

News Stream
Iron Ore Climbs to Over 1-Month High
Iron ore futures rose above CNY 810 per ton, reaching their highest level in more than a month, supported by strong buying in mainland China as trading resumed after the May Day holiday. Sentiment was further lifted by a continued drawdown in steel inventories, which have now declined for seven consecutive weeks, pointing to potential restocking demand for raw materials. On the macro front, China’s manufacturing PMI remained in expansion territory, while policymakers in Beijing continued efforts to stabilize the real estate sector, improving the broader economic outlook. In corporate developments, UK-based Cadence Minerals said DEV Mineração has obtained an Installation Licence from the environmental authority in Brazil’s Amapá state, enabling key refurbishment and construction activities at the Amapá Iron Ore Project, including preparations to restart the Azteca processing plant.
2026-05-06
Iron Ore Climbs to Three-Week High
Iron ore futures climbed above CNY 790 per ton, reaching a three-week high as rising costs linked to the Middle East conflict, particularly diesel and freight expenses, pushed the iron ore cost curve higher. Analysts, however, pointed to limited improvement in steel demand this year, even as top consumer China signaled that authorities will systematically address challenges from external shocks and strengthen energy security. Additionally, the prolonged downturn in China’s construction sector continues to weigh on overall metals demand. On the supply side, some Chinese steelmakers have been cleared to collect and trade cargoes from BHP Group that had accumulated at ports during an extended standoff. Those stockpiles were released after China’s state-backed buyer finalized negotiations with the miner, helping ease logistical bottlenecks. There will be no commodities trading in China until May 5 for the Labor Day holiday.
2026-04-29
Iron Ore Falls as China Releases BHP Stockpiles
Iron ore futures dropped below CNY 780 per ton, hitting a more than one-week low after some Chinese steelmakers were cleared to collect and trade cargoes from BHP Group that had built up at ports. The stockpiles had accumulated during a prolonged standoff, which was resolved after China’s state-backed buyer finalized negotiations with the miner. Last week, BHP confirmed it had secured a supply agreement with China Mineral Reserves Group, ending months of tensions that had led to shipment diversions, restrictions on its products, and elevated port inventories. Prices also came under pressure from demand concerns, as China steps up efforts to curb excess competition and industrial overcapacity. Meanwhile, markets continue to monitor developments in the Middle East, where stalled US–Iran negotiations have kept the Strait of Hormuz effectively closed, limiting access to a key export market for Chinese steel.
2026-04-28