MMi Daily Iron Ore Report (April 28)

Published: Apr 28, 2026 18:00

Save

Today, the DCE iron ore futures were in the doldrums today, declining in the morning session before rebounding in the afternoon. The most-traded I2609 contract ultimately closed at 780.5 yuan/mt, down 0.89% from the previous trading session. Spot prices fell 2-5 from the previous day.

Steel

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

[SMM Lecong HRC Inventory] Lecong Inventory Continued to Decline This Week

Lecong HRC inventory this week was 770,900 mt, down 54,800 mt WoW, a decline of 6.64%; up 80,800 mt YoY (solar calendar), a YoY decline of 7.91% (solar calendar).

Common.Time.minsAgo

[SMM Shanghai HRC Inventory] Shanghai Inventory Continued to Decline This Week

Shanghai HRC inventory was 519,700 mt this week, down 26,900 mt WoW, a decrease of 4.92%; up 65.25% YoY (solar calendar) and up 55.51% YoY (lunar calendar).

Common.Time.minsAgo

1 hour ago

[SMM Ningbo HRC Inventory] Ningbo Inventory Declined at a Faster Pace This Week

Ningbo HRC large-sample inventory was 451,000 mt this week, down 34,000 mt WoW (-7.01%), up 17.23% YoY (lunar calendar basis).

1 hour ago