- Blend fines cargoes witness steady mill buying
- Supply uncertainty keeps spot market relatively firm
Iron ore fines (Fe 61%) spot prices rose by $0.9/t to $101.5/dmt CFR China on 10 June 2026 against 9 June.
Prices remain supported by improved macroeconomic sentiment in China and firmer seaborne trading activity, although gains remained limited amid seasonal weakness in steel demand.
Market sentiment remained volatile amid speculation over possible procurement restrictions on an Australian iron ore fines brand in China, initially raising concerns over near-term supply tightness and supporting futures and spot prices.
Despite this, the physical spot market remained firm, particularly for blend fines cargoes, as mills continued securing prompt material amid ongoing supply uncertainties.
As per reports, temporary concerns over Australian supply supported spot buying interest despite continued pressure from weak steel demand and squeezed mill margins.
DCE iron ore futures: Iron ore futures on the Dalian Commodity Exchange (DCE) for the September 2026 contract edged up by RMB 3.5/t ($0.5/t) to RMB 768/t ($113/t) on 11 June.
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