MMI Daily Iron Ore Index Report October 8 2026

AI Summary

Iron ore prices weakened after the market reopened, with the most-traded Dalian Commodity Exchange contract closing at 682.5 yuan per metric ton, down 2.85% from before the break. Qingdao fines and lump prices also fell, while seaborne 61% and 65% iron ore indices eased.

Price adjustments on reopening suggest that the soft expectations built during the holiday are feeding into domestic trading. DCE most-traded closed at 682.5 yuan/mt, down 2.85% from before the break; most mainstream Qingdao fines fell 15 yuan/wmt and PB Lump fell 17 yuan. The seaborne 61% index eased to USD 90.35/dmt and the 65% to ...