MMi Daily Iron Ore Report (September 15)

Published: Sep 15, 2026 17:57
Iron ore futures were weaker today. The DCE most-traded I2701 contract settled at 707.5 yuan/mt, down 0.56% from the previous session. Qingdao port spot prices were mixed, ranging from down 3 yuan/mt to up 2 yuan/mt. Traders were reluctant to offer and some mills bought on dips. Spot trading was thin.

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
[Government to Fund India's First Hydrogen-Based DRI Pilot Plant]
11 mins ago
[Government to Fund India's First Hydrogen-Based DRI Pilot Plant]
Read More
[Government to Fund India's First Hydrogen-Based DRI Pilot Plant]
[Government to Fund India's First Hydrogen-Based DRI Pilot Plant]
The Indian government will fund around USD12 million of a USD22 million pilot project to build India's first fully hydrogen-based direct reduced iron (DRI) plant, aimed at cutting steel-sector carbon emissions. Led by CSIR with IMMT, the project targets completion by August 2029, focusing on adapting hydrogen-DRI technology to India's low-grade hematite ore — a tougher challenge than the higher-grade magnetite used in global projects. Unlike private players experimenting with partial hydrogen use, this plant will run on 100% hydrogen via a vertical shaft furnace. For now, green hydrogen costs around USD5/kg (needs to fall to USD1/kg for viability), keeping green steel approximately USD200/tonne costlier than conventional steel.
11 mins ago
[SMM HRC Arrivals] Arrivals increased WoW this week  
12 mins ago
[SMM HRC Arrivals] Arrivals increased WoW this week  
Read More
[SMM HRC Arrivals] Arrivals increased WoW this week  
[SMM HRC Arrivals] Arrivals increased WoW this week  
12 mins ago
[Brief Comment on China Iron Ore] Iron ore prices in the Tangshan area are likely to consolidate on a subdued note
1 hour ago
[Brief Comment on China Iron Ore] Iron ore prices in the Tangshan area are likely to consolidate on a subdued note
Read More
[Brief Comment on China Iron Ore] Iron ore prices in the Tangshan area are likely to consolidate on a subdued note
[Brief Comment on China Iron Ore] Iron ore prices in the Tangshan area are likely to consolidate on a subdued note
Iron ore prices in the Tangshan area edged lower, with 66% grade iron ore concentrates currently at a dry-basis delivered price, tax included, of 935-940 yuan/mt. Operations at mines and beneficiation plants remain at relatively low levels overall, with state-owned mines mostly using their ore powder internally and private mines facing tight concentrate supply. Steel mills have begun to incur losses and currently have a relatively strong desire to bargain down domestic concentrates prices.
1 hour ago
MMi Daily Iron Ore Report (September 15) - Shanghai Metals Market (SMM)