Actual
718.00
Daily Change
-12.50 -1.71%
Monthly
-0.35%
Yearly
-9.80%
Q3 Forecast
724.11
Iron Ore CNY - Summary

Iron ore futures slipped toward CNY 730 per ton, pulling back from six-week highs amid rising concerns over demand in top consumer China as steel margins continued to deteriorate. Industry data showed that only around 30% of steelmakers were profitable as of September 4, down from 32.5% a week earlier and 61% during the same period last year. Another report indicated that China’s blast furnace operating rate fell to 89.08%, down 0.48 percentage point week-on-week, while average daily pig iron output declined by 5,200 mt to 2.4028 million mt. China’s state-owned iron ore importer, China Mineral Resources Group, has also advised several steelmakers to avoid purchasing Rio Tinto Group’s key Pilbara Blend ore. Meanwhile, South Korean logistics and shipping company HMM signed a long-term shipping contract with Brazilian miner Vale worth around US$3.5 billion to transport iron ore starting in 2030.

Iron Ore CNY - Stats

Iron Ore CNY fell to 718 CNY/T on September 11, 2026, down 1.71% from the previous day. Over the past month, Iron Ore CNY's price has fallen 0.35%, and is down 9.80% 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 1920.50 in August 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 September 11 of 2026.

Iron Ore CNY - Forecast

Iron Ore CNY fell to 718 CNY/T on September 11, 2026, down 1.71% from the previous day. Over the past month, Iron Ore CNY's price has fallen 0.35%, and is down 9.80% 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 724.11 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 686.29 in 12 months time.



Price Day Month Year Date
Iron Ore CNY 718.00 -12.50 -1.71% -0.35% -9.80% Sep/11
Lithium 142,250.00 -2500 -1.73% -3.89% 96.34% Sep/11
Platinum 1,808.20 7.10 0.39% 2.20% 29.47% Sep/11
HRC Steel 1,272.98 -4.02 -0.31% 5.03% 57.55% Sep/11
Iron Ore 98.68 -0.69 -0.69% 3.79% -6.18% Sep/10
Titanium 43.50 0 0% -2.25% -11.22% Sep/11


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
718.00 730.50 1920.50 284.00 2013 - 2026 CNY/T daily

News Stream
Iron Ore Slips on Weakening China Demand
Iron ore futures slipped toward CNY 730 per ton, pulling back from six-week highs amid rising concerns over demand in top consumer China as steel margins continued to deteriorate. Industry data showed that only around 30% of steelmakers were profitable as of September 4, down from 32.5% a week earlier and 61% during the same period last year. Another report indicated that China’s blast furnace operating rate fell to 89.08%, down 0.48 percentage point week-on-week, while average daily pig iron output declined by 5,200 mt to 2.4028 million mt. China’s state-owned iron ore importer, China Mineral Resources Group, has also advised several steelmakers to avoid purchasing Rio Tinto Group’s key Pilbara Blend ore. Meanwhile, South Korean logistics and shipping company HMM signed a long-term shipping contract with Brazilian miner Vale worth around US$3.5 billion to transport iron ore starting in 2030.
2026-09-10
Iron Ore Hits 6-Week High
Iron ore futures rose to around CNY 740 per ton, hitting six-week highs as elevated freight costs and expectations of pre-holiday restocking in top consumer China supported prices. Shipping costs remained elevated amid strong energy prices as the US and Iran continued exchanging strikes in the Middle East, keeping supply risks high. Investors also anticipated that Chinese steel mills would rebuild iron ore inventories ahead of the National Day holidays in October, while hoping for a seasonal improvement in construction activity this month. Industry data showed average daily hot metal output, a key indicator of iron ore demand, edged higher last week after declining for two consecutive weeks. However, iron ore prices could face resistance as profit margins at Chinese steel mills continue to deteriorate. Australian miner Mineral Resources also expects iron ore prices to weaken in the second half of the year.
2026-09-07
Iron Ore Set for Second Weekly Gain
Iron ore futures climbed toward CNY 730 per ton and were on track for a second consecutive weekly gain, supported by elevated ocean freight costs and expectations of pre-holiday restocking in top buyer China. Poor weather in the Pacific, higher oil prices, and increased transshipment volumes from Guinea have pushed up freight costs, providing support to iron ore prices. Industry data also showed that iron ore inventories at major Chinese ports declined in the latest week, marking a fourth consecutive weekly drop and signaling potential for restocking. Elsewhere, Brazilian miner Usiminas temporarily suspended operations at its Samambaia iron ore plant in Itatiaiuçu from September 2, citing weaker ore prices and sharply higher freight costs. Meanwhile, iron ore prices may face a ceiling as margins at Chinese steel mills continue to shrink.
2026-09-04