- DCE iron ore futures fall d-o-d
- Softer Chinese economic indicators weigh on market confidence
Iron ore fines (Fe 61%) spot prices edged down by $0.85/dmt to $101.35/dmt CFR China on 16 June 2026 against 15 June.
Prices softened as the momentum from earlier buying activity for July and August delivery cargoes weakened, resulting in lower traded levels following the previous uptick. The market also came under pressure from muted steel demand in China and weaker economic data, though firmer portside trading and reduced shipments from Australia and Brazil helped cushion the decline.
As per reports, China’s steel sector continued to face seasonal demand weakness, with slow construction activity and subdued downstream buying weighing on overall sentiment. Meanwhile, portside trading activity improved marginally, while seaborne transaction volumes remained broadly steady. These factors helped prevent a steeper drop in prices, although the support was not strong enough to fully counter weak steel demand and softer macroeconomic indicators.
DCE iron ore futures: Iron ore futures on the Dalian Commodity Exchange (DCE) for the September 2026 contract weakened by RMB 11.5/t ($2/t) to RMB 759.5/t ($112/t) on 17 June.
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