MMi Daily Iron Ore Report (October 15)

Published: Oct 15, 2026 18:09 (GMT+8)

Save

The DCE most-traded I2701 contract settled at 671.5 yuan/mt today, down 0.37% from the previous session and a fourth straight losing session this week, taking the decline since the last pre-holiday session on 30 September to 31 yuan/mt. Qingdao port spot prices fell 3-4 yuan/mt on average. Traders were moderately active in offering and mills bought to cover immediate needs, leaving trading 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

1 hour ago

Arrivals fall for a third week but port stocks build, capping any recovery [SMM Daily Iron Ore Brief]

1 hour ago

2 hours ago

[SMM Iron Ore] Iron Ore Port Inventory Up Sharply, Led by Fines

Total iron ore inventory at SMM's 10 ports reached 105.14 Mt on Oct 15, up 2.12 Mt from the previous period. Fines and lump built slightly; concentrate and pellets destocked.

2 hours ago

4 hours ago

Rio Tinto Q3 global iron ore sales up 3%; Simandou hits ~10 Mtpa run-rate [SMM Iron Ore]

Rio Tinto released its third quarter operations review on 14 October 2026. Global iron ore sales were 90.8 Mt in Q3, up 3% year on year. Simandou output reached an annualised rate of about 10 Mtpa, and the first ore through the SimFer port is expected in Q4. Full-year iron ore sales and cost guidance are unchanged.

4 hours ago