MMi Daily Iron Ore Report (August 7)

Published: Aug 7, 2026 18:10
Today, the DCE iron ore futures moved steadily today. The most-traded DCE I2609 contract closed at 716.5 yuan/mt, up 0.35% from the previous session. Spot prices at Qingdao Port averaged a decline of about 0–2 yuan/mt from the previous trading day.

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 for 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
[SMM Steel Import and Export Analysis] Export Order Taking Improved in July, Will Steel Exports Rebound in August?
31 mins ago
[SMM Steel Import and Export Analysis] Export Order Taking Improved in July, Will Steel Exports Rebound in August?
Read More
[SMM Steel Import and Export Analysis] Export Order Taking Improved in July, Will Steel Exports Rebound in August?
[SMM Steel Import and Export Analysis] Export Order Taking Improved in July, Will Steel Exports Rebound in August?
31 mins ago
8.7 SMM Global Steel Daily Report
1 hour ago
8.7 SMM Global Steel Daily Report
Read More
8.7 SMM Global Steel Daily Report
8.7 SMM Global Steel Daily Report
On August 7 China's steel export prices were mostly steady with flat products extending gains. Some flat-product export prices rose 1 USD/tonne day on day, with HRC transactions at 482-485 USD/tonne; Chinese futures rose for successive sessions in the second half of the week and export FOB prices followed, but traders reported limited actual business after the increase, while at the mill end some traders were buying against earlier orders. Billet export FOB prices were steady, with Jiangyin port offers at 450-455 USD/tonne; offers are largely referenced to the rebar futures basis, overseas enquiries are limited and competition is fierce, with only some exporters covering earlier short billet positions. Rebar export offers at Tianjin port were steady with transactions at 474-480 USD/tonne, as overseas enquiries were unremarkable, wait-and-see sentiment prevailed and domestic traders found exporting difficult.
1 hour ago
[China Iron Ore Brief] Iron ore concentrates prices in China may edge down next week.
2 hours ago
[China Iron Ore Brief] Iron ore concentrates prices in China may edge down next week.
Read More
[China Iron Ore Brief] Iron ore concentrates prices in China may edge down next week.
[China Iron Ore Brief] Iron ore concentrates prices in China may edge down next week.
Prices in China's iron ore concentrates market fell notably this week. From a regional perspective, prices in Tangshan, Qian'an, and Qianxi in Hebei were cut by 15-20 yuan/mt; Chaoyang, Beipiao, and Jianping in western Liaoning edged down by 5-10 yuan/mt; and east China edged down by 5-10 yuan/mt.
2 hours ago