en.Wedoany.com Reported - On Friday, June 26, 2026, the benchmark price for iron ore with 62% iron content (comparable to the Platts and Fastmarkets MB indices) closed at $97.15 per metric ton, up 0.31% for the day. Meanwhile, the September contract price rose by 1.77%.
Recently, iron ore prices have been seeking a balance between supply-demand fundamentals and market sentiment. On the supply side, shipments from major mines have remained stable, but weather disruptions in Australia and Brazil have had a certain impact on short-term supply. On the demand side, China, as the world's largest iron ore consumer market, the operating rates and restocking pace of its steel industry remain key factors influencing prices. Market sentiment is jointly shaped by macroeconomic expectations, policy directions, and fluctuations in downstream finished steel prices.
From the perspective of port inventories, iron ore stockpiles at major Chinese ports remain at relatively high levels, exerting some pressure on price increases. However, the recovery of steel mill profits and the increase in blast furnace utilization rates provide bottom-line support for ore demand. Additionally, fluctuations in the renminbi exchange rate and changes in ocean freight costs also impact the cost of imported ore.
Looking ahead, analysts believe that iron ore prices may continue to fluctuate within a range in the short term. The market will closely monitor changes in China's steel demand, the implementation of crude steel output control policies, and the direction of the global macroeconomy. In the absence of major supply disruptions, the tug-of-war between fundamentals and market sentiment is expected to persist. This price data reflects the complex situation of intertwined bullish and bearish factors in the current market.
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