MMi Daily Iron Ore Report (May 11)

Published: May 11, 2026 17:45

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Today, the DCE Iron ore futures rose first then retreated. The most-traded contract I2609 closed at 822.5 yuan/mt, up 0.73% from the previous trading session. Port spot prices rose 3-5 yuan from the previous day. Traders were active in offering quotes with strong willingness to close deals; steel mills showed moderate willingness to inquire for purchases, with most transactions driven by rigid restocking demand; the overall spot trading atmosphere remained subdued.

Steel

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