Iron ore futures slipped below CNY 750 per ton, resuming their decline as seasonally soft demand and weakening steel mill margins in top consumer China continued to weigh on the market. A number of Chinese steelmakers began maintenance work on production equipment, curbing demand for raw materials. Industry data also showed average daily hot metal output, a key indicator of iron ore consumption, fell for a third consecutive week to 2.38 million tons as of July 23, the lowest level since April 3. Meanwhile, investors are awaiting the upcoming Politburo meeting for potential stimulus measures that could provide support to the economy. Separately, Fortescue Executive Chairman Andrew Forrest called on China and Australia to engage in fair negotiations as the miner faces growing pressure from Beijing’s state-backed iron ore buyer over prolonged supply talks.

Iron Ore CNY fell to 741 CNY/T on July 27, 2026, down 0.67% from the previous day. Over the past month, Iron Ore CNY's price has fallen 0.67%, and is down 6.32% 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 July 27 of 2026.

Iron Ore CNY fell to 741 CNY/T on July 27, 2026, down 0.67% from the previous day. Over the past month, Iron Ore CNY's price has fallen 0.67%, and is down 6.32% 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 738.06 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 704.22 in 12 months time.



Price Day Month Year Date
Iron Ore CNY 741.00 -5.00 -0.67% -0.67% -6.32% Jul/27
Lithium 146,500.00 1000 0.69% -3.46% 98.24% Jul/27
Platinum 1,630.90 31.80 1.99% 2.42% 15.71% Jul/27
HRC Steel 1,194.07 -5.88 -0.49% 1.54% 40.48% Jul/27
Iron Ore 98.35 -0.07 -0.07% -1.91% -0.32% Jul/27
Titanium 46.00 0 0% -5.15% -7.07% Jul/27


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
741.00 746.00 1692.00 284.00 2013 - 2026 CNY/T daily

News Stream
Iron Ore Slips on Demand Concerns
Iron ore futures slipped below CNY 750 per ton, resuming their decline as seasonally soft demand and weakening steel mill margins in top consumer China continued to weigh on the market. A number of Chinese steelmakers began maintenance work on production equipment, curbing demand for raw materials. Industry data also showed average daily hot metal output, a key indicator of iron ore consumption, fell for a third consecutive week to 2.38 million tons as of July 23, the lowest level since April 3. Meanwhile, investors are awaiting the upcoming Politburo meeting for potential stimulus measures that could provide support to the economy. Separately, Fortescue Executive Chairman Andrew Forrest called on China and Australia to engage in fair negotiations as the miner faces growing pressure from Beijing’s state-backed iron ore buyer over prolonged supply talks.
2026-07-27
Iron Ore Rises After 2-Week Lows
Iron ore futures hovered above CNY 750 per ton, recovering after touching two-week lows as resilient Chinese steel production and robust import demand supported prices despite weakness in the property sector. China's crude steel output averaged 2.79 million tons per day in June, the highest since March, while iron ore imports climbed 6.4% year-on-year to a six-month high of 112.69 million tons. Demand for imported ore was further underpinned by lower domestic production and inventory restocking, with port stockpiles declining to 156.6 million tons in the week ended July 17 from a record 166.9 million tons in mid-March. However, gains remained capped by ample global supply, the ramp-up of Guinea's Simandou project, and continued weakness in China's property market, where first-half real estate investment fell 18%, and construction starts dropped 23.4% year-on-year. Optimism over further Beijing stimulus following softer-than-expected second-quarter growth also supported sentiment.
2026-07-23
Iron Ore Falls to 2-Week Low
Iron ore futures dropped below CNY 740 per ton on Wednesday, falling to their lowest level in two weeks as rising global supply coincided with a softer demand outlook in top consumer China. Brazilian miner Vale reported its strongest second-quarter production since 2018, with iron ore output rising 0.8% from a year earlier and exceeding market expectations. High inventories and ample physical supply across China also weighed on prices. On the demand side, persistent rainfall in southern China and extreme heat across northern regions continued to disrupt construction activity, reducing steel consumption. Industry data also showed blast furnace capacity utilization at surveyed steel mills fell below 90% last week, while mill profitability declined to around 37%.
2026-07-22