MMI Daily Iron Ore Index Report July 23 2026

AI Summary

Iron ore futures on the Dalian Commodity Exchange (DCE) rose, with the main contract closing up 0.74%. Spot prices at Qingdao Port increased by 5-8 yuan per metric ton. Despite moderate trading activity, demand from steel mills remains limited, affecting spot trading.

Today, the DCE iron ore futures moved strongly today. The most-traded DCE I2609 contract closed at 747.5 yuan/mt, up 0.74%. Spot prices at Qingdao Port rose roughly 5-8 yuan/mt from the previous trading day. Trader activity was moderate, and inquiries from steel mills were limited. Spot trading was poor. Recently, steel mills’ demand for iron ...