Iron ore futures steadied above CNY 780 per ton but remained on track for a monthly decline as abundant global supply continued to outpace weakening demand conditions. Industry data showed shipments from Australia and Brazil hovering near a two-year high, while iron ore inventories at Chinese ports stayed elevated. On the demand side, the latest figures showed blast furnace operating rates in China were unchanged from the previous week, while profitability among steel mills slipped to 62.3%. Meanwhile, a deadly accident at a steelmaking coal mine in China’s Shanxi province is expected to disrupt output in the near term, potentially increasing costs for steel producers, power generators and chemicals manufacturers. Separately, electrical workers at BHP’s Port Hedland bulk export terminal in Western Australia threatened to launch strike action before the end of the financial year on June 30, adding to concerns over potential supply disruptions.

Iron Ore CNY rose to 783.50 CNY/T on May 29, 2026, up 0.38% from the previous day. Over the past month, Iron Ore CNY's price has fallen 1.57%, but it is still 11.61% higher than a year ago, 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 1692.00 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 30 of 2026.

Iron Ore CNY rose to 783.50 CNY/T on May 29, 2026, up 0.38% from the previous day. Over the past month, Iron Ore CNY's price has fallen 1.57%, but it is still 11.61% higher than a year ago, 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 796.85 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 838.97 in 12 months time.



Price Day Month Year Date
Iron Ore CNY 783.50 3.00 0.38% -1.57% 11.61% May/29
Lithium 177,500.00 2000 1.14% 0.28% 192.42% May/29
Platinum 1,929.50 2.20 0.11% -3.26% 84.10% May/29
HRC Steel 1,190.00 5.00 0.42% 5.59% 41.67% May/29
Iron Ore 108.82 -0.22 -0.20% 1.53% 9.79% May/29
Titanium 48.50 0 0% 1.04% -3.96% May/29


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
783.50 780.50 1692.00 284.00 2013 - 2026 CNY/T daily

News Stream
Iron Ore Heads for Monthly Loss
Iron ore futures steadied above CNY 780 per ton but remained on track for a monthly decline as abundant global supply continued to outpace weakening demand conditions. Industry data showed shipments from Australia and Brazil hovering near a two-year high, while iron ore inventories at Chinese ports stayed elevated. On the demand side, the latest figures showed blast furnace operating rates in China were unchanged from the previous week, while profitability among steel mills slipped to 62.3%. Meanwhile, a deadly accident at a steelmaking coal mine in China’s Shanxi province is expected to disrupt output in the near term, potentially increasing costs for steel producers, power generators and chemicals manufacturers. Separately, electrical workers at BHP’s Port Hedland bulk export terminal in Western Australia threatened to launch strike action before the end of the financial year on June 30, adding to concerns over potential supply disruptions.
2026-05-29
Iron Ore Drops to 1-Month Low
Iron ore futures dropped toward CNY 780 per ton, hitting their lowest level in a month as abundant supply and subdued demand continued to pressure the market. Inventory levels remain elevated, while shipments from major producers Australia and Brazil have continued to increase, adding to supply-side pressure. Meanwhile, China’s iron ore imports rose 8% year-on-year in the first four months of the year to 418.6 million tons. On the demand side, sluggish downstream steel consumption has continued to limit steel mills’ appetite for raw material purchases. China’s steel output declined 2.8% from a year earlier to 86.63 million tons in April, marking the weakest April production level since 2018. Steel margins in China also remain under pressure amid persistent weakness in the country’s infrastructure and property construction sectors.
2026-05-26
Iron Ore Rises as Steel Production Improves
Iron ore futures climbed above CNY 790 per ton, recovering from three-week lows as global steel production declined in April at a slower pace than in March, with the contraction in China’s steel output also moderating. The data offered some support to sentiment in the iron ore market, though underlying demand conditions remained fragile. Steel margins in China continue to face pressure amid ongoing weakness in the country’s infrastructure and property construction sectors. Last week, iron ore prices fell to multi-week lows as higher shipments from Australia and Brazil increased supply pressures, while Chinese steel mills continued to grapple with elevated inventory levels. Supply is also expected to rise further in the coming weeks, even as demand growth remains constrained, with blast furnace utilization rates already operating at relatively elevated levels.
2026-05-25