Iron ore futures fell below CNY 760 per ton, sinking to a near two-month low after data showed China’s iron ore imports dropped nearly 6% in May from the previous month, defying expectations for an increase amid improved steel margins and higher shipments from major producers. China imported 97.71 million tons of the key steelmaking ingredient last month, down from 103.9 million tons in April and below analysts’ forecasts of 104 million to 110 million tons. Analysts attributed the decline to cautious purchasing by steelmakers, who have limited buying to immediate needs ahead of a seasonally weaker demand period. Demand from China’s steel sector has also softened earlier than usual this year, as persistent rainfall and the early arrival of summer heat have slowed construction activity.

Iron Ore CNY rose to 764.50 CNY/T on June 10, 2026, up 0.59% from the previous day. Over the past month, Iron Ore CNY's price has fallen 7.05%, but it is still 8.52% 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 June 10 of 2026.

Iron Ore CNY rose to 764.50 CNY/T on June 10, 2026, up 0.59% from the previous day. Over the past month, Iron Ore CNY's price has fallen 7.05%, but it is still 8.52% 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 768.94 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 811.12 in 12 months time.



Price Day Month Year Date
Iron Ore CNY 764.50 4.50 0.59% -7.05% 8.52% Jun/10
Lithium 165,750.00 2000 1.22% -15.11% 173.97% Jun/10
Platinum 1,660.00 -53.40 -3.12% -21.93% 32.75% Jun/10
HRC Steel 1,193.10 1.07 0.09% 5.12% 38.41% Jun/10
Iron Ore 101.37 0.32 0.32% -9.02% 6.18% Jun/09
Titanium 48.50 0 0% 1.04% -3.96% Jun/10


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
764.50 760.00 1692.00 284.00 2013 - 2026 CNY/T daily

News Stream
Iron Ore Weakens to Near 2-Month Low
Iron ore futures fell below CNY 760 per ton, sinking to a near two-month low after data showed China’s iron ore imports dropped nearly 6% in May from the previous month, defying expectations for an increase amid improved steel margins and higher shipments from major producers. China imported 97.71 million tons of the key steelmaking ingredient last month, down from 103.9 million tons in April and below analysts’ forecasts of 104 million to 110 million tons. Analysts attributed the decline to cautious purchasing by steelmakers, who have limited buying to immediate needs ahead of a seasonally weaker demand period. Demand from China’s steel sector has also softened earlier than usual this year, as persistent rainfall and the early arrival of summer heat have slowed construction activity.
2026-06-09
Iron Ore Extends Fall on Weak Fundamentals
Iron ore futures fell below CNY 760 per ton, reaching their lowest level in nearly two months as abundant global supply coincided with seasonally subdued demand in China. Demand from China’s steel sector weakened earlier than usual this year, pressured by persistent rainfall and the premature arrival of summer heat, which slowed construction activity. At the same time, shrinking profit margins left steelmakers less willing to build inventories of the steelmaking raw material. On the supply side, industry data showed shipments from Australia and Brazil remained close to a two-year high, while iron ore stockpiles at Chinese ports continued to stay elevated. Meanwhile, China Mineral Resources Group reportedly advised some domestic steel producers not to hold discussions with Fortescue regarding a new iron ore product, fueling speculation that a potential purchasing restriction may be under consideration.
2026-06-05
Iron Ore Falls on Supply Glut Concerns
Iron ore futures fell to around CNY 770 per ton, hitting seven-week lows as abundant global supplies continued to outweigh weakening demand. Industry data showed that shipments from Australia and Brazil remained near a two-year high, while iron ore inventories at Chinese ports stayed elevated, reinforcing concerns about oversupply. On the demand side, recent figures indicated that blast furnace utilization rates in China were steady, while steel mill profitability have declined, pointing to softer industry conditions. Adding to the pressure, the steel market entered its traditional seasonal slowdown earlier than usual this year, as persistent rainfall and an early onset of summer heat curtailed outdoor construction activity, weakening demand for steel products. Meanwhile, a fatal accident at a coal mine in China's Shanxi province is expected to disrupt near-term production, potentially raising input costs for steelmakers, power producers, and chemical manufacturers.
2026-06-01