MMI Daily Iron Ore Index Report August 3 2026

AI Summary

Iron ore prices on the Dalian Commodity Exchange declined by 2.85%, and spot prices at Qingdao port decreased by 9–12 yuan per ton. Market activity remains weak with limited purchasing demand from steel mills.

Today’s iron ore market performance on the Dalian Commodity Exchange (DCE) remained weak. The DCE benchmark contract I2609 closed at 698 yuan/ton, down 2.85% from the previous trading session. Qingdao port spot prices fell by 9–12 yuan/ton from the previous day. Traders showed low willingness to quote, while steel mills purchased only for rigid needs, ...