MMi Daily Iron Ore Report (September 29)

Published: Sep 29, 2026 18:05 (GMT+8)

Save

Iron ore futures were weaker today. The DCE most-traded I2701 contract settled at 699 yuan/mt, down 0.78% from the previous session. In the spot market, traders were reluctant to offer and mills stayed on the sidelines. Spot trading was thin, with Qingdao port prices down 0-3 yuan/mt.

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

1 min ago

[Flash | Antofagasta's Centinela Faces Strike Threat Over Labor Dispute]

Recently, Centinela, a core Antofagasta mine, faced severe labor challenges. On September 28, its Minera Esperanza and Distrito Centinela unions voted 98.73% in favor of a strike over compensation discrepancies, rejecting management's contract offer. As an important associated molybdenum source, Centinela's H1 2026 molybdenum output fell ~17.6% year-on-year to 1,400 tonnes. The strike vote threatens further supply stability. While production continues pending mediation results, the potential impact on operations and long-term project progress requires close monitoring.

1 min ago

29 mins ago

Steel Scrap Supply Tightness and Demand Pullback Drive Slight Decline in EAF Operating Rate This Week

29 mins ago

1 hour ago

[Domestic Iron Ore Brief] Iron ore prices in the Tangshan area are likely to be in the doldrums

Iron ore concentrate prices in the Tangshan area remained relatively stable, with 66% grade iron ore concentrates priced at 930-935 yuan/mt on a dry basis, including tax, ex-works. Operating rates at mines and beneficiation plants remain low overall, providing some support for iron ore concentrate prices. On the demand side, steel mills are currently operating at a loss.

1 hour ago