MMI Daily Iron Ore Index Report September 4 2026
AI Summary
Iron ore futures climbed slightly with the DCE I2701 contract settling at 727 yuan/mt, reflecting moderate trading activity at Qingdao port. Despite firmer prices, spot trading remains subdued with mills purchasing only as needed.
Iron ore futures traded firmer on Friday. The DCE most-traded I2701 contract settled at 727 yuan/mt, up 1.04% from the previous session. Qingdao port spot prices rose by an average of 1 yuan/mt, with traders showing only moderate enthusiasm in offering and mills buying on an as-needed basis. Overall spot trading activity was lacklustre. Iron ...