- High port inventories, production cuts to keep demand measured
- Low-priced cargo interest offers limited post-holiday support
Iron ore fines (Fe 61%) spot prices remained unchanged at $91/dmt CFR China on 6 October 2026, holding close to last week’s level. With major market players away for the Chinese holidays, the market continued to see limited trading activity. Despite the recent price lull amid a weak demand outlook, a handful of market participants remain hopeful about restocking activity.
Some buyers were heard showing interest in low-priced cargoes during the holiday period, anticipating that restocking could pick up once mills and traders return to the market. However, high port inventories and ongoing production cuts at Chinese mills are likely to keep buying interest measured and may limit the scope for a sustained price recovery in the near term.
DCE iron ore futures remain stable
January 2027 iron ore futures on the Dalian Commodity Exchange (DCE) remained stable at RMB 702.5/t ($104.6/t) on 6 October, with the exchange closed for the Golden Week holiday.
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