Actual
702.50
Daily Change
3.50 0.50%
Monthly
-3.37%
Yearly
-11.97%
Q4 Forecast
713.05
Iron Ore CNY - Summary

Iron ore futures rose above CNY 700 per ton, recovering slightly from eight-week lows after data showed China’s manufacturing sector returned to growth in September, improving the demand outlook in the world’s largest metals consumer. China also introduced measures to direct lower-cost credit toward sectors including infrastructure and technology, while increasing support for homebuyers as part of efforts to strengthen economic growth. Meanwhile, investors prepared for China’s weeklong National Day holiday, which is expected to bring lower trading volumes and reduced economic activity during the period. The ferrous metals market also remains under pressure from weakening steel demand and deteriorating profitability among mills. The China Iron and Steel Association has called on steelmakers to cut production and reduce inventories to protect margins and curb excess supply. Chinese markets will be closed from October 1 to October 7.

Iron Ore CNY - Stats

Iron Ore CNY rose to 702.50 CNY/T on September 30, 2026, up 0.50% from the previous day. Over the past month, Iron Ore CNY's price has fallen 3.37%, and is down 11.97% 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 October 1 of 2026.

Iron Ore CNY - Forecast

Iron Ore CNY rose to 702.50 CNY/T on September 30, 2026, up 0.50% from the previous day. Over the past month, Iron Ore CNY's price has fallen 3.37%, and is down 11.97% 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 693.38 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 673.83 in 12 months time.



Price Day Month Year Date
Iron Ore CNY 702.50 3.50 0.50% -3.37% -11.97% Sep/30
Lithium 122,800.00 -600 -0.49% -22.52% 66.96% Sep/30
Platinum 1,722.80 3.90 0.23% -2.37% 9.47% Oct/01
HRC Steel 1,304.00 6.00 0.46% 6.54% 61.99% Oct/01
Iron Ore 92.10 -4.49 -4.65% -5.75% -11.53% Oct/01
Titanium 43.50 0 0% 0% -9.38% Sep/30


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
702.50 699.00 1920.50 284.00 2013 - 2026 CNY/T daily

News Stream
Iron Ore Rises on Strong China Data
Iron ore futures rose above CNY 700 per ton, recovering slightly from eight-week lows after data showed China’s manufacturing sector returned to growth in September, improving the demand outlook in the world’s largest metals consumer. China also introduced measures to direct lower-cost credit toward sectors including infrastructure and technology, while increasing support for homebuyers as part of efforts to strengthen economic growth. Meanwhile, investors prepared for China’s weeklong National Day holiday, which is expected to bring lower trading volumes and reduced economic activity during the period. The ferrous metals market also remains under pressure from weakening steel demand and deteriorating profitability among mills. The China Iron and Steel Association has called on steelmakers to cut production and reduce inventories to protect margins and curb excess supply. Chinese markets will be closed from October 1 to October 7.
2026-09-30
Iron Ore Hits 8-Week Low
Iron ore futures in China slipped to around CNY 700 per ton on Tuesday, hitting eight-week lows as ample global supply and weakening steel demand pressured the market. Industry data showed iron ore inventories at major Chinese ports increased last week, while overseas shipments have recovered to elevated seasonal levels, easing previous supply-side disruptions. Meanwhile, profitability at Chinese steel mills declined again last week, while average daily hot metal output also fell. The China Iron and Steel Association has urged mills to reduce production and draw down inventories to protect margins and limit excess supply. Separately, World Steel Association data showed global crude steel production fell 1.2% to 144.2 million tons in August from a year earlier. Elsewhere, industrial profits in China slowed in August as weak domestic demand outweighed strength in high-tech and AI-related manufacturing, further weighing on the overall demand outlook.
2026-09-28
Iron Ore Pressured by Weak Fundamentals
Iron ore futures in China traded below CNY 715 per ton, hovering near one-month lows as weak fundamentals continued to weigh on the market. Supply remained ample, with shipments from top producer Australia rising above 21 million tons week-on-week, contributing to elevated port arrivals. Industry data also showed that iron ore inventories at seven major ports in Australia and Brazil increased by 258,000 tons to 11.95 million tons last week. Meanwhile, Chinese steel mills continued to face widening losses, largely due to elevated coking coal prices as safety inspections and mine suspensions in Shanxi restricted domestic supply. Softer demand from China’s construction and manufacturing sectors has also weighed on purchases of ferrous metals. However, iron ore prices remain supported by expectations that Chinese steel mills will step up restocking ahead of the extended Golden Week holiday in early October.
2026-09-24