- DCE September futures fall RMB 2.5/t
- Recovering shipments puts pressure on prices
Iron ore fines (Fe 61%) spot prices fell by $0.45/dmt d-o-d to $108.0/dmt CFR China on 19 May against $108.45/dmt on 18 May 2026.
Iron ore prices decreased amid active trading in mainstream medium-grade fines, with cheaper portside cargoes pressuring seaborne prices. Weak sentiment in China’s ferrous market, weather-related concerns over steel demand, and recovering Australian and Brazilian shipments weighed on the market, although lower prices supported buying activity at ports.
The drop in price was largely sentiment-driven, though losses slowed compared with previous sessions. Some reports suggested that fundamentals still did not support a sharp correction, while forecasts of heavy rain, thunderstorms and flooding risks continued to cloud the demand outlook.
DCE iron ore futures: Iron ore futures on the Dalian Commodity Exchange (DCE) for the September 2026 contract edged down slightly by RMB 2.5/t ($0.4/t) to RMB 800/t ($117/t) on 20 May against 19 May.
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