MMI Daily Iron Ore Index Report August 18 2026

AI Summary

Iron ore futures stabilized modestly with the most-active DCE contract settling higher at RMB 714/mt and spot prices at Qingdao Port rising slightly. Market activity suggests restocking behavior from mills amid steady demand conditions for iron ore.

Iron ore futures firmed modestly today. The DCE most-active contract I2701 settled at RMB 714/mt, up 0.85% from the previous session. Spot prices at Qingdao Port rose RMB 2-3/mt from the previous trading day. Traders were reasonably active in offering, while mill purchases were largely restocking on a just-in-need basis, leaving overall spot transaction volumes ...