Strong Supply and Demand, Iron Ore Prices Continue to Move Sideways [SMM Iron Ore Daily Review]

Published: Sep 20, 2026 16:54

Save

Iron ore had no futures guidance today. Spot prices were stable from the previous day, with traders quoting in line with the market; a few steel mills made inquiries, and overall spot transactions were almost nil.
As of now, most steel mills have not completed pre-holiday stockpiling, and restocking demand remains next week, providing some support for ore prices. Given the growth in earlier shipments, port arrivals are expected to rebound this week. With both supply and demand strengthening, ore prices are likely to continue moving sideways.

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

6 mins ago

[Domestic Iron Ore Concentrates Briefing] China's iron ore concentrates prices are likely to consolidate on a subdued note

Domestic ore prices diverged this week; iron ore concentrate prices in Hebei fell by 10-20 yuan/mt, while prices in Liaoning remained relatively stable. Overall, iron ore concentrate resources were relatively tight, providing some support to local prices. On the demand side, steel mills saw deepening losses and mainly purchased iron ore concentrates as needed, with a relatively strong desire to bargain down prices.

6 mins ago

15 mins ago

[SMM Coking Coal and Coke Daily Briefing] 20260920

15 mins ago

5 hours ago

[Total Electricity Consumption in August Exceeds 1 Trillion kWh Again]

In August 2026, total electricity consumption exceeded 1 trillion kWh again, reaching 1,033.2 billion kWh, up 1.7% YoY. The electricity load hit a record high of 1.56 billion kW, 49.69 million kW higher than the previous year's peak load, with 7 days exceeding the previous year's peak load. By sector, primary industry electricity consumption was 16.9 billion kWh, up 2.7% YoY. Secondary industry electricity consumption was 612.4 billion kWh, up 2.4% YoY, of which industrial electricity consumption was 606.5 billion kWh, up 2.7% YoY. Electricity consumption in high-tech and equipment manufacturing maintained rapid growth momentum, reaching 122.2 billion kWh, up 7.2% YoY.

5 hours ago