Actual
708.00
Daily Change
-7.00 -0.98%
Monthly
-1.12%
Yearly
-11.83%
Q3 Forecast
714.25
Iron Ore CNY - Summary

Iron ore futures traded around CNY 715 per ton, holding recent gains on expectations that Chinese steel mills will increase raw material purchases ahead of the long Golden Week holiday in early October. The demand outlook also improved after several Chinese steelmakers pledged to cut production in an effort to reduce steel inventories as profit margins shrink rapidly. Profitability across China’s steel industry deteriorated sharply, weighed down by elevated production costs and weak demand for steel. However, expectations that major coking coal mines will resume operations in September and October following a fatal mine accident in May improved the supply outlook for a key steelmaking ingredient. Meanwhile, industry data showed that iron ore inventories at 35 major Chinese ports increased by 840,000 tons week-on-week to 144.33 million tons as of September 18, reversing an earlier destocking trend.

Iron Ore CNY - Stats

Iron Ore CNY fell to 708 CNY/T on September 22, 2026, down 0.98% from the previous day. Over the past month, Iron Ore CNY's price has fallen 1.12%, and is down 11.83% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Iron Ore CNY reached an all time high of 1920.50 in August of 2026. This page includes a chart with historical data for Iron Ore CNY. Iron Ore CNY - data, forecasts, historical chart - was last updated on September 22 of 2026.

Iron Ore CNY - Forecast

Iron Ore CNY fell to 708 CNY/T on September 22, 2026, down 0.98% from the previous day. Over the past month, Iron Ore CNY's price has fallen 1.12%, and is down 11.83% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Iron Ore CNY is expected to trade at 714.25 CNY/T by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 675.43 in 12 months time.



Price Day Month Year Date
Iron Ore CNY 708.00 -7.00 -0.98% -1.12% -11.83% Sep/22
Lithium 134,450.00 50 0.04% -16.23% 82.06% Sep/22
Platinum 1,786.20 -15.20 -0.84% -5.45% 18.75% Sep/22
HRC Steel 1,297.08 -25.92 -1.96% 10.77% 56.65% Sep/22
Iron Ore 97.51 -0.06 -0.06% 2.28% -7.56% Sep/21
Titanium 43.50 0 0% -2.25% -11.22% Sep/22


Iron Ore CNY
Iron ore is a rock or mineral from which metallic iron can be economically extracted. It is estimated that over 95% of mined iron ore is used to make steel through blast furnaces, which is essential for construction through steel rebars or manufacturing through sheets and coils. Major iron ore miners include Australia, China, Brazil, India, Russia, and South Africa.
Actual Previous Highest Lowest Dates Unit Frequency
708.00 715.00 1920.50 284.00 2013 - 2026 CNY/T daily

News Stream
Iron Ore Holds Advance
Iron ore futures traded around CNY 715 per ton, holding recent gains on expectations that Chinese steel mills will increase raw material purchases ahead of the long Golden Week holiday in early October. The demand outlook also improved after several Chinese steelmakers pledged to cut production in an effort to reduce steel inventories as profit margins shrink rapidly. Profitability across China’s steel industry deteriorated sharply, weighed down by elevated production costs and weak demand for steel. However, expectations that major coking coal mines will resume operations in September and October following a fatal mine accident in May improved the supply outlook for a key steelmaking ingredient. Meanwhile, industry data showed that iron ore inventories at 35 major Chinese ports increased by 840,000 tons week-on-week to 144.33 million tons as of September 18, reversing an earlier destocking trend.
2026-09-21
Iron Ore Rises on Pre-Holiday Restocking
Iron ore futures climbed to CNY 715 per ton, recovering from one-month lows as Chinese steelmakers increased seaborne purchases ahead of the extended National Day holidays in early October. Industry data showed that daily trading volumes for seaborne cargoes surged 43% to 1.41 million tons on September 16 from the previous day. The demand outlook also improved after several Chinese steelmakers pledged to curb production in an effort to reduce steel inventories amid rapidly shrinking margins. Profitability across China’s steel sector deteriorated sharply, pressured by high production costs and weak steel demand. Recent data also showed that new home prices in China extended their decline in August, underscoring the continued drag from the country’s prolonged property market downturn.
2026-09-17
Iron Ore Weakens to 1-Month Low
Iron ore futures fell below CNY 710 per ton, reaching one-month lows as weak market fundamentals continued to weigh on prices. Industry data showed global iron ore shipments increased by 1.59 million tons to 35.17 million tons in the week ended September 13, pointing to ample supply. Elevated coke prices also continued to pressure steelmakers’ profit margins, prompting some producers to scale back operations and undertake maintenance. Chinese steel demand weakened further in the third quarter amid a continued slowdown in construction activity. Data showed China’s new home prices extended their decline in August, highlighting the persistent drag from the country’s prolonged property downturn. Meanwhile, steel mills may see some incentive to replenish iron ore inventories ahead of the extended National Day holidays in early October.
2026-09-15