China Iron Ore Spot Price Rises by $0.9/DMT Day-on-Day on June 10, 2026

2026-06-12 13:54

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en.Wedoany.com Reported - Iron ore fines (Fe 61%) spot prices rose on June 10, 2026, increasing by $0.9/dry metric ton (DMT) from June 9 to settle at $101.5/DMT CFR China. Although seasonal weakness in steel demand limited the gains, improved macro sentiment in China and increased seaborne trading activity provided support to prices.

Market sentiment fluctuated amid rumors that China might impose procurement restrictions on a certain Australian iron ore fines brand. The rumors initially sparked concerns over near-term supply tightness, thereby supporting futures and spot prices. Despite the uncertainty, the spot market remained firm, particularly for blended fines, as steel mills continued to lock in prompt cargoes amid unclear supply prospects.

Reports indicate that while steel demand is weak and mill margins are under pressure, temporary concerns over Australian supply have underpinned spot buying interest.

Iron ore futures for the September 2026 contract on the Dalian Commodity Exchange (DCE) edged up by 3.5 yuan/ton ($0.5/ton) on June 11, settling at 768 yuan/ton ($113/ton).

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