MMI Daily Iron Ore Index Report August 4 2026

AI Summary

Iron ore futures on the Dalian Commodity Exchange showed a slight decline, closing at 699.5 yuan per metric ton, down 0.43%. Despite this, spot prices at Qingdao Port increased by 4–9 yuan per metric ton, reflecting active offerings and steady, need-based purchasing by steel mills.

Today,the DCE iron ore futures showed weakness today. The most-traded DCE I2609 contract closed at 699.5 yuan/mt, down 0.43% from the previous trading session. Spot prices at Qingdao Port rose by 4–9 yuan/mt from the prior trading day. Traders offered actively, steel mills purchased mainly on a need-to basis, and overall spot trading was moderate. ...