MMi Daily Iron Ore Report (September 17)

Published: Sep 17, 2026 17:56
Iron ore futures were weaker today. The DCE most-traded I2701 contract settled at 710.5 yuan/mt, up 0.28% from the previous session. Qingdao port spot prices were broadly flat. Traders were active in offering while mills stayed on the sidelines. 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
[Domestic Iron Ore Brief] Iron ore prices in the Liaodong region are likely to remain stable
1 hour ago
[Domestic Iron Ore Brief] Iron ore prices in the Liaodong region are likely to remain stable
Read More
[Domestic Iron Ore Brief] Iron ore prices in the Liaodong region are likely to remain stable
[Domestic Iron Ore Brief] Iron ore prices in the Liaodong region are likely to remain stable
The domestic ore market in eastern Liaoning is generally stable, with traders rarely making inquiries for goods. Mining and processing operations remain at low levels, and holders are reluctant to sell below their psychological expectations. Supply-demand trading is cautious and need-based. End-use demand has yet to show significant improvement, and steel mills lack the motivation to resume or ramp up production. Iron ore demand remains weak with little room for improvement, compounded by expectations of a downward adjustment in mid-month settlement prices by leading steel enterprises.
1 hour ago
[Australia's iron ore export earnings seen falling 34% by 2030-31 while volumes hold]
1 hour ago
[Australia's iron ore export earnings seen falling 34% by 2030-31 while volumes hold]
Read More
[Australia's iron ore export earnings seen falling 34% by 2030-31 while volumes hold]
[Australia's iron ore export earnings seen falling 34% by 2030-31 while volumes hold]
Australia's June outlook (2025-26 dollars) projects iron ore export earnings falling from about 75.8 billion USD (116.6 billion AUD) in 2025-26 to 50.2 billion USD (77.2 billion AUD) by 2030-31, a 34% fall against a 2% volume drop. China's January-July crude steel output fell 3.1% to 577 million tonnes while iron ore imports rose 5.9% to 736.8 million tonnes. Reuters said on 6 August that China Mineral Resources Group told some mills to halt September talks with Rio Tinto; Guinea's Simandou, targeting 120 million tonnes a year, broadens buyer options. The 1 billion AUD (650 million USD) Green Iron Investment Fund requires at least 1 million tonnes a year and first commercial sales by 31 March 2031; low-emission steelmaking favours high-grade ore, making Pilbara fines a strategic challenge.
1 hour ago
[SMM Steel] Vietnam Construction Steel Prices Hold Steady as Mills Maintain Offers
1 hour ago
[SMM Steel] Vietnam Construction Steel Prices Hold Steady as Mills Maintain Offers
Read More
[SMM Steel] Vietnam Construction Steel Prices Hold Steady as Mills Maintain Offers
[SMM Steel] Vietnam Construction Steel Prices Hold Steady as Mills Maintain Offers
[Vietnam] Domestic construction steel prices remained stable. Hoa Phat quoted wire rod and rebar at approximately 574 and 546 USD/tonne, respectively, while Viet Y’s northern market offers stood at around 567 and 536 USD/tonne. Pomina and VJS quoted wire rod at approximately 571 USD/tonne in the northern market, while Kyoei and VAS offered around 579 USD/tonne in the central market. Major mills maintained their offers, with listed wire rod prices ranging from approximately 567–579 USD/tonne.
1 hour ago