Spot iron ore trading improves, port prices down

Published: May 09, 2018 10:23 (GMT+8)

Save

Spot iron ore trading in China picked up amid improved sentiment on Tuesday May 8 as iron ore futures on the Dalian Commodity Exchange rose and closed higher at 476 yuan/mt.

SHANGHAI, May 9 (SMM) – Spot iron ore trading in China picked up as sentiment improved on Tuesday May 8 and as iron ore futures on the Dalian Commodity Exchange rose and closed higher at 476 yuan/mt.

In Tangshan, Pilbara Blend fines traded at 475 yuan/mt, 2-3 yuan/mt higher from Monday. In Shandong, transactions were flat at 470 yuan/mt.

However, some traders took a bearish outlook on the iron ore market in the near term due to pressure from the supply side.

Port prices were down slightly on Tuesday.

SMM's MMi Iron Ore Port Index stood at 474 yuan/wmt fot Qingdao on Tuesday for 62% Fe fines, down 4 yuan/wmt from Monday May 7.

The index for 58% Fe fines inched down 1 yuan/wmt to 332 yuan/wmt while the index for 65% Fe fines was down 3 yuan/wmt to 569 yuan/wmt.

SMM and its new price index business Metals Market Index (MMi) launched the iron ore port indices on May 2 as port prices continued to gain importance in pricing the steelmaking raw material.

For editorial queries, please contact Daisy Tseng at daisy@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn

Iron ore port trading

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

Sep 28, 2026 17:34 (GMT+8)

Heyuan Issues Strict Regulations and Fines for Unauthorized Waste Lead-Acid Battery Management

[Waste Lead-Acid Battery Market Update] Recently, the Heyuan Municipal Ecology and Environment Bureau issued the "Notice on Regulating the Management of Waste Lead-Acid Batteries." According to the Ecological Environment Code of the People's Republic of China, enterprises and public institutions that engage in the collection and storage of waste without a permit may be fined 200,000-1 million yuan; those that engage in utilization and disposal operations without a permit may be fined 1-5 million yuan and ordered to suspend operations or shut down, with responsible persons fined 100,000-1 million yuan; if the act constitutes a crime, criminal liability shall be pursued in accordance with the law.

Sep 28, 2026 17:34 (GMT+8)

Sep 28, 2026 17:33 (GMT+8)

"Guangzhou Tightens E-bike Waste Lead-Acid Battery Management, Clarifies Hazardous Waste Rules"

[Market Dynamics of Waste Lead-Acid Batteries from E-bikes] Recently, the Guangzhou Municipal Ecology and Environment Bureau issued a notice on the key points for environmental management of waste lead-acid batteries from e-bikes in Guangzhou. The document clarifies that waste lead-acid batteries are hazardous waste (HW31, 900-52), and scrap batteries generated from store recycling, trade-in, and repair must be transferred to licensed units. Units holding a hazardous waste collection permit (including 900-52) are exempt from electronic transfer manifests during the collection process under the centralized collection pilot program.

Sep 28, 2026 17:33 (GMT+8)

Sep 26, 2026 01:38 (GMT+8)

Peru sees 1 million t/y copper output boost within five to six years

Peru's Energy and Mines Minister Guillermo Shinno said the country expects to add about 1 million tonnes of annual copper production within five to six years through new mining projects. The world's third-largest copper producer anticipates 2026 output of 2.5 to 2.7 million tonnes, roughly unchanged from 2023 as declining ore grades and recurring social conflicts weigh on supply. The newly elected government is seeking to reverse that stagnation by cutting red tape; in the two months since taking office, mining companies have stepped up engagement with the ministry. Shinno said officials have identified 27 permits that could be eliminated from roughly 100 mining-sector requirements, without lowering environmenta

Sep 26, 2026 01:38 (GMT+8)