Iron ore futures fell below CNY 770 a ton, hitting a seven-week low as rising supply coincided with seasonally weaker demand ahead of the Lunar New Year holiday. Analysts noted that iron ore inventories at Chinese ports are near record highs, while stockpiles at steel mills have also continued to build. Mills have also scaled back output and largely completed restocking as the holiday approaches, while several blast furnaces and electric-arc furnaces have paused operations for planned maintenance, raising concerns over near-term feedstock demand. That said, industry data showed blast furnace utilization remained above 86%, higher than the previous week, and daily hot metal output rose by 21,000 tons week-on-week. Elsewhere, iron ore shipments from Australia and Brazil accelerated in late January, adding further pressure to near-term supply.

Iron Ore CNY fell to 758 CNY/T on February 6, 2026, down 1.37% from the previous day. Over the past month, Iron Ore CNY's price has fallen 8.07%, and is down 7.67% 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 1337 in May of 2021. This page includes a chart with historical data for Iron Ore CNY. Iron Ore CNY - data, forecasts, historical chart - was last updated on February 7 of 2026.

Iron Ore CNY fell to 758 CNY/T on February 6, 2026, down 1.37% from the previous day. Over the past month, Iron Ore CNY's price has fallen 8.07%, and is down 7.67% 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 782.05 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 740.22 in 12 months time.



Price Day Month Year Date
Iron Ore CNY 761.00 -7.50 -0.98% -7.70% -7.31% Feb/06
Lithium 134,500.00 -9500 -6.60% 0.75% 74.00% Feb/06
Platinum 2,099.40 28.80 1.39% -7.46% 110.47% Feb/06
HRC Steel 977.00 4.00 0.41% 4.16% 29.40% Feb/06
Iron Ore 100.11 -0.92 -0.91% -7.72% -5.89% Feb/06
Titanium 45.50 0 0% 1.11% 0% Feb/06


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
758.00 768.50 1337.00 284.00 2013 - 2026 CNY/T daily

News Stream
Iron Ore Hits 7-Week Low
Iron ore futures fell below CNY 770 a ton, hitting a seven-week low as rising supply coincided with seasonally weaker demand ahead of the Lunar New Year holiday. Analysts noted that iron ore inventories at Chinese ports are near record highs, while stockpiles at steel mills have also continued to build. Mills have also scaled back output and largely completed restocking as the holiday approaches, while several blast furnaces and electric-arc furnaces have paused operations for planned maintenance, raising concerns over near-term feedstock demand. That said, industry data showed blast furnace utilization remained above 86%, higher than the previous week, and daily hot metal output rose by 21,000 tons week-on-week. Elsewhere, iron ore shipments from Australia and Brazil accelerated in late January, adding further pressure to near-term supply.
2026-02-05
Iron Ore Pressured by Weak Demand
Iron ore futures fell toward CNY 780 per ton on Wednesday, hovering near a six-week low as signs of softening demand emerged ahead of the Lunar New Year slowdown, despite expectations for higher hot metal output. Chinese steel mills remain active, with production of finished products such as rebar and hot-rolled coil accelerating last week. However, mill restocking has paused as construction sites suspend work for the holiday period. Port activity in China also weakened, with industry data showing lower transaction volumes, indicating reduced reliance on spot cargoes. At the same time, shipments from Australia and Brazil accelerated in late January, adding to near-term supply pressure. Elsewhere, China is reportedly assisting Algeria in reopening the Gara Djebilet mine, North Africa’s largest iron ore deposit.
2026-02-04
Iron Ore Slips on Weak Fundamentals
Iron ore futures fell below CNY 780 per tonne on Tuesday, drifting back toward one-month lows as pre-holiday steel demand weakened and global supply increased. Chinese steel mills trimmed purchases ahead of the extended Lunar New Year holiday while preparing for scheduled maintenance, dampening near-term demand. Port activity in China also softened, with industry data showing lower transaction volumes, suggesting mills are relying less on spot cargoes. Port inventories rose 1.16% in the latest week, according to Steelhome data, while shipments from Australia and Brazil accelerated in late January, adding to supply pressures. Elsewhere, China is reportedly helping Algeria reopen the Gara Djebilet mine, North Africa’s largest iron ore deposit. Meanwhile, Australian miner Strike Resources signed a memorandum of understanding with Peruvian shipping company Naveria Petral for the proposed San Nicolas port project on Peru’s southern coast, aimed at supporting future iron ore exports.
2026-02-03