MMi Daily Iron Ore Report (August 11)

Published: Aug 11, 2026 18:04

Save

Today, the iron ore market showed a relatively strong performance on the futures market. The DCE main contract I2609 closed at 721.5 yuan/ton, up 1.26% from the previous trading session. Spot prices at Qingdao Port rose by an average of about 3-6 yuan/ton from the previous trading day.

Steel

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 4, 2026 18:30

MMi Daily Iron Ore Report (September 4)

Iron ore futures traded firmer on Friday. The DCE most-traded I2701 contract settled at 727 yuan/mt, up 1.04% from the previous session. Qingdao port spot prices rose by an average of 1 yuan/mt, with traders showing only moderate enthusiasm in offering and mills buying on an as-needed basis. Overall spot trading activity was lacklustre.

Sep 4, 2026 18:30

Sep 4, 2026 17:05

[SMM Steel]

[Rebar] Today, rebar export quotations at Tianjin Port rose by USD 1/ton in tandem with the futures market, with overall transaction prices ranging from USD 484-489/ton. According to exporters, market inquiries were decent today but transactions remained modest. Some mills have seen sentiment improve, holding the view that September may see restocking expectations overseas, and rebar export demand could gradually improve.

Sep 4, 2026 17:05

Sep 4, 2026 17:04

[SMM Steel]

[Steel Billet] Today, FOB export prices for square billets edged up by USD 1/t, with quotations at Jiangyin Port at USD 460–465/t. According to market feedback, overseas just-in-need demand is still in the recovery stage, and there has been some inquiry activity in the market. However, steel mills—taking production costs into account—are generally quoting at relatively high levels, making deals difficult to conclude.

Sep 4, 2026 17:04