- DCE iron ore futures edge down d-o-d
- High hot metal output lends some support
Iron ore fines (Fe 61%) spot prices fell by $1.3/dmt d-o-d to $111.05/dmt CFR China on 12 May 2026 against $112.35/dmt. The decline was mainly attributed to sluggish trading activity for medium-grade fines, though firm downstream steel demand and sustained high hot metal production continued to provide underlying support to prices. At Chinese ports, iron ore prices also edged lower during the day as buying interest cooled and traders increased sales of low- to medium-grade cargoes.
DCE iron ore futures: Iron ore futures on the Dalian Commodity Exchange (DCE) for the September 2026 contract edged down by RMB 2/t ($0.3/t) d-o-d to RMB 815.5/t ($120/t) on 13 May 2026.
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