Iron ore futures fell below CNY 770 per ton, reaching their lowest level in seven weeks as abundant global supply coincided with seasonally subdued demand in China. Demand from China’s steel sector weakened earlier than usual this year, pressured by persistent rainfall and the premature arrival of summer heat, which slowed construction activity. At the same time, shrinking profit margins left steelmakers less willing to build inventories of the steelmaking raw material. On the supply side, industry data showed shipments from Australia and Brazil remained close to a two-year high, while iron ore stockpiles at Chinese ports continued to stay elevated. Meanwhile, China Mineral Resources Group reportedly advised some domestic steel producers not to hold discussions with Fortescue regarding a new iron ore product, fueling speculation that a potential purchasing restriction may be under consideration.

Iron Ore CNY fell to 766 CNY/T on June 5, 2026, down 0.20% from the previous day. Over the past month, Iron Ore CNY's price has fallen 6.13%, but it is still 8.81% higher than a year ago, 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 1692.00 in April 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 June 7 of 2026.

Iron Ore CNY fell to 766 CNY/T on June 5, 2026, down 0.20% from the previous day. Over the past month, Iron Ore CNY's price has fallen 6.13%, but it is still 8.81% higher than a year ago, 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 768.94 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 811.12 in 12 months time.



Price Day Month Year Date
Iron Ore CNY 766.00 -1.50 -0.20% -6.13% 8.81% Jun/05
Lithium 163,000.00 -5250 -3.12% -13.07% 170.76% Jun/05
Platinum 1,797.90 -102.00 -5.37% -12.83% 53.37% Jun/05
HRC Steel 1,196.00 0 0% 5.37% 36.22% Jun/05
Iron Ore 102.00 0.04 0.04% -7.99% 6.05% Jun/05
Titanium 48.50 0 0% 1.04% -3.96% Jun/05


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
766.00 767.50 1692.00 284.00 2013 - 2026 CNY/T daily

News Stream
Iron Ore Extends Fall on Weak Fundamentals
Iron ore futures fell below CNY 770 per ton, reaching their lowest level in seven weeks as abundant global supply coincided with seasonally subdued demand in China. Demand from China’s steel sector weakened earlier than usual this year, pressured by persistent rainfall and the premature arrival of summer heat, which slowed construction activity. At the same time, shrinking profit margins left steelmakers less willing to build inventories of the steelmaking raw material. On the supply side, industry data showed shipments from Australia and Brazil remained close to a two-year high, while iron ore stockpiles at Chinese ports continued to stay elevated. Meanwhile, China Mineral Resources Group reportedly advised some domestic steel producers not to hold discussions with Fortescue regarding a new iron ore product, fueling speculation that a potential purchasing restriction may be under consideration.
2026-06-05
Iron Ore Falls on Supply Glut Concerns
Iron ore futures fell to around CNY 770 per ton, hitting seven-week lows as abundant global supplies continued to outweigh weakening demand. Industry data showed that shipments from Australia and Brazil remained near a two-year high, while iron ore inventories at Chinese ports stayed elevated, reinforcing concerns about oversupply. On the demand side, recent figures indicated that blast furnace utilization rates in China were steady, while steel mill profitability have declined, pointing to softer industry conditions. Adding to the pressure, the steel market entered its traditional seasonal slowdown earlier than usual this year, as persistent rainfall and an early onset of summer heat curtailed outdoor construction activity, weakening demand for steel products. Meanwhile, a fatal accident at a coal mine in China's Shanxi province is expected to disrupt near-term production, potentially raising input costs for steelmakers, power producers, and chemical manufacturers.
2026-06-01
Iron Ore Heads for Monthly Loss
Iron ore futures steadied above CNY 780 per ton but remained on track for a monthly decline as abundant global supply continued to outpace weakening demand conditions. Industry data showed shipments from Australia and Brazil hovering near a two-year high, while iron ore inventories at Chinese ports stayed elevated. On the demand side, the latest figures showed blast furnace operating rates in China were unchanged from the previous week, while profitability among steel mills slipped to 62.3%. Meanwhile, a deadly accident at a steelmaking coal mine in China’s Shanxi province is expected to disrupt output in the near term, potentially increasing costs for steel producers, power generators and chemicals manufacturers. Separately, electrical workers at BHP’s Port Hedland bulk export terminal in Western Australia threatened to launch strike action before the end of the financial year on June 30, adding to concerns over potential supply disruptions.
2026-05-29