MMi Daily Iron Ore Report (September 3)

Published: Sep 3, 2026 21:06

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Iron ore futures traded firmer on Wednesday. The DCE most-traded I2701 contract settled at 726.5 yuan/mt, up 1.32% from the previous session. Qingdao port spot prices rose by an average of 12–14 yuan/mt, with traders showing only moderate enthusiasm in offering and mills buying on an as-needed basis. Overall spot trading activity was lacklustre.

Steel

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