- Absence of fresh negative developments lifts sentiment
- Weak steel offtake, high iron ore port stocks limit gains
Iron ore fines (Fe 61%) spot prices remained largely stable, rising marginally by $0.3/dmt to $100.6/dmt CFR China on 9 June 2026 against 8 June.
The market saw a mild technical rebound after prices had fallen to a more than three-month low, supported by the absence of fresh negative developments and easing concerns over coke supply disruptions following a recovery in Chinese coal mine output.
However, gains remained limited amid weak steel demand in China, rising port inventories, and pressure on mill margins. As per reports, a marginal uptick in futures supported the marginal rise, while physical market activity slowed slightly due to weaker portside transactions. There were ample offers, indicating robust supply.
However, expectations for iron ore consumption remained subdued as seasonal weakness in China’s steel sector continued to weigh on finished steel prices, prompting mills to remain cautious with raw material procurement.
DCE iron ore futures: Iron ore futures on the Dalian Commodity Exchange (DCE) for the September 2026 contract edged up by RMB 2/t ($0.3/t) to RMB 762.5/t ($112/t) on 10 June.
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