MMi Daily Iron Ore Report (April 29)

Published: Apr 29, 2025 20:01 (GMT+8)

Source: SMM

Save

oday, the Dalian iron ore futures continued to fluctuate rangebound, with the most-traded contract I2509 closing at 709, up 0.28% for the day. Traders sold goods according to market conditions; steel mills' restocking was nearing completion, and they purchased as needed. The market transaction atmosphere was moderate.

》Click to download the PDF and view the whole report

SMM price

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

23 hours ago

[SMM Analysis] Indonesia plans to establish a BLU in the energy sector, with coal procurement and DMO mechanisms facing further clarification

The Indonesian government plans to establish a public service agency in the energy sector (BLU Energi) through a presidential regulation, responsible for the procurement and supply of thermal coal and natural gas. The proposed procurement function has raised market concerns about the relationship between BLU Energi and the existing domestic market obligation (DMO) mechanism, coal pricing, and the allocation of domestic coal supply in China.

23 hours ago

[SMM Analysis] Indonesia Drafts Energy Sector BLU, Raising Questions Over Coal Procurement and DMO Framework

Indonesia is drafting a Presidential Regulation to establish an Energy Sector BLU to procure and distribute coal and natural gas for power generation. The proposed procurement role raises questions over how BLU Energi would interact with the existing DMO framework, coal pricing and domestic supply allocations.

23 hours ago

Sep 25, 2026 16:45 (GMT+8)

[SMM Analysis] India’s Proposed EU Steel Quota Mirrors Export Mix but Covers Only Half of Historical Trade

The proposed distribution under the India-Europe Free Trade Agreement (FTA) broadly reflects India’s historical export mix to the EU, but its fixed volume covers only 53.6% of average mapped trade during 2022–2024.

Sep 25, 2026 16:45 (GMT+8)