- DCE iron ore futures remain firm d-o-d
- High port stocks keep some buyers cautious
China’s imported iron ore fines (Fe 61%) spot prices rose by $1/dmt d-o-d to $112.05/dmt CFR China on 13 May 2026 against $111.05/dmt a day earlier.
The uptick was driven by active trading and healthy post-Labour Day holiday restocking interest in the seaborne market, which also supported a slight recovery in China’s portside iron ore prices after the sharp correction seen in the previous session.
However, buying sentiment remained guarded due to elevated port inventories, even though stock levels continued to ease gradually on a weekly basis.
As per reports, China’s steel sector is gradually moving out of the peak construction season and approaching the rainy season in southern regions, leading mills and traders to adopt a more cautious stance on near-term demand and avoid aggressive procurement despite firm steel production levels.
DCE iron ore futures: Iron ore futures on the Dalian Commodity Exchange (DCE) for the September 2026 contract edged up d-o-d to RMB 816.5/t ($120/t) on 14 May 2026.
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