Iron ore futures traded around CNY 780 per ton, amidst restocking activity in China ahead of the extended Labor Day holiday, alongside a rebound in domestic steel output. Shipments from Australia and Brazil also slowed, contributing to a drawdown in port inventories across China. Recent data showed stockpiles at Chinese ports fell 0.7% to 164.8 million tons last week, marking a second consecutive decline. Meanwhile, BHP Group reached a supply agreement with China’s state-backed iron ore buyer, resolving a months-long dispute that had unsettled the market. The Australian mining giant confirmed the deal while releasing its latest quarterly production figures, though it did not disclose specific contract details. BHP reported first-quarter iron ore output of 62.8 million tons, up 2% year-on-year, and maintained its full-year production guidance of 258 million to 269 million tons.

Iron Ore CNY rose to 788.50 CNY/T on April 24, 2026, up 0.64% from the previous day. Over the past month, Iron Ore CNY's price has fallen 2.23%, but it is still 11.92% 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 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 April 24 of 2026.

Iron Ore CNY rose to 788.50 CNY/T on April 24, 2026, up 0.64% from the previous day. Over the past month, Iron Ore CNY's price has fallen 2.23%, but it is still 11.92% 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 793.15 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 832.14 in 12 months time.



Price Day Month Year Date
Iron Ore CNY 788.50 5.00 0.64% -2.23% 11.92% Apr/24
Lithium 173,000.00 0 0% 13.44% 147.85% Apr/24
Platinum 1,986.60 -51.80 -2.54% 3.16% 105.38% Apr/24
HRC Steel 1,106.09 -2.91 -0.26% 4.05% 24.70% Apr/24
Iron Ore 107.06 -0.05 -0.05% 0.90% 7.08% Apr/23
Titanium 48.00 0 0% 3.23% -3.03% Apr/24


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
788.50 783.50 1692.00 284.00 2013 - 2026 CNY/T daily

News Stream
Iron Ore Futures Little Changed
Iron ore futures traded around CNY 780 per ton, amidst restocking activity in China ahead of the extended Labor Day holiday, alongside a rebound in domestic steel output. Shipments from Australia and Brazil also slowed, contributing to a drawdown in port inventories across China. Recent data showed stockpiles at Chinese ports fell 0.7% to 164.8 million tons last week, marking a second consecutive decline. Meanwhile, BHP Group reached a supply agreement with China’s state-backed iron ore buyer, resolving a months-long dispute that had unsettled the market. The Australian mining giant confirmed the deal while releasing its latest quarterly production figures, though it did not disclose specific contract details. BHP reported first-quarter iron ore output of 62.8 million tons, up 2% year-on-year, and maintained its full-year production guidance of 258 million to 269 million tons.
2026-04-22
Iron Ore Climbs to Over One-Week High
Iron ore futures rose above CNY 780 per ton, reaching their highest level in more than a week amid signs of resilient demand in top consumer China. Steel mills have also kept inventories relatively low, potentially driving restocking activity ahead of the May Day holiday from May 1 to 5. On the supply side, industry data showed port stockpiles in China declined 0.7% to 164.8 million tons last week, marking a second straight drop. Meanwhile, an ongoing dispute between state-backed China Mineral Resources Group and Australia’s BHP Group has clouded the supply outlook. At the same time, prolonged disruptions in the Strait of Hormuz have weighed on sentiment by curbing metals shipments to the Gulf, a region that was China’s second-largest steel export destination last year, accounting for about 16% of its record-high exports.
2026-04-20
Iron Ore Advances on Strong China Data
Iron ore futures climbed above CNY 770 per ton, reaching a one-week high as stronger-than-expected economic data from top consumer China boosted market sentiment. China’s economy expanded 5% year-on-year in the first quarter, accelerating from 4.5% in the previous quarter and surpassing expectations of a 4.9% increase. An improving geopolitical backdrop also lent support, with reports indicating Washington and Tehran are considering extending their two-week ceasefire to allow more time for negotiations, even as the Strait of Hormuz remains effectively closed under a dual blockade. The conflict has disrupted trade flows, curbing metals shipments to the Gulf, a region that was China’s second-largest steel export destination last year, accounting for about 16% of its record-high exports.
2026-04-16