As of June 27, SMM data showed that the total inventory of iron ore at 35 ports reached 136.92 million mt, an increase of 140,000 mt WoW.

DCE iron ore futures fluctuated in the doldrums throughout the day, with the most-traded contract I2509 closing at 702.5, down 0.43% for the day. Traders' willingness to sell was moderate. Steel mills adopted a cautious wait-and-see attitude, with a moderate amount of low-level inquiries.

[SMM Daily Stainless Steel Review: Stainless Steel Prices Rebound and Explore Higher Levels, with Improved Transactions and Declining Inventory] SMM reported on June 26 that the SS futures market continued to maintain a strong upward trend, driven by the general rise in non-ferrous metal futures and news of production cuts by steel mills, successfully breaking through the 12,600 yuan/mt threshold. In the spot market, steel mills' morning prices continued to climb, and market quotes also strengthened. Although the overall increase was not as rapid as that in the futures market, low-priced supplies had basically disappeared. Against the backdrop of prices stabilizing and rebounding, despite a strong cautious wait-and-see sentiment prevailing in the market, there had been clear signs of recovery in market transactions compared to the previous period. During the week, social inventory declined. Additionally, when steel mills' prices were at a low level earlier, traders had been more active in purchasing futures orders, thereby alleviating the steel mills' shipping pressure to a certain extent. In the futures market, the most-traded contract 2508 strengthened and rose. At 10:30 a.m., SS2508 was quoted at 12,670 yuan/mt, up 19 yuan/mt from the previous trading day. In the Wuxi region, the spot premiums/discounts for 304/2B stainless steel ranged from 100-300 yuan/mt. In the spot market, cold-rolled 201/2B coils in Wuxi and Foshan were both quoted at 7,625 yuan/mt; cold-rolled 304/2B coils with rough edges had an average price of 12,700 yuan/mt in Wuxi and 12,700 yuan/mt in Foshan; cold-rolled 316L/2B coils were priced at 23,800 yuan/mt in Wuxi and 23,800 yuan/mt in Foshan; hot-rolled 316L/NO.1 coils were quoted at 23,100 yuan/mt in both regions; cold-rolled 430/2B coils in Wuxi and Foshan...

[Domestic iron ore market brief: Iron ore concentrates prices in west Liaoning may remain in the doldrums] Prices of local iron ore concentrates in west Liaoning have remained relatively stable, with ex-factory prices (wet basis, excluding tax) for 66% grade ore at 670-680 yuan/mt. Recently, local safety inspections have tightened, leading to a relatively tight supply of resources from mines and beneficiation plants. However, there is a strong bearish sentiment in the market in the long term, with most producers focusing on selling as they produce. The reluctance to budge on prices has weakened.