MMI Daily Iron Ore Index Report June 26 2026 in Chinese iron ore and steelmaking prices 26/06/2026 Today, the DCE iron ore futures trended strong today, pulling back slightly near the close. The most-traded I2609 contract closed at 748 yuan/ mt, up 0.81% from the previous trading session. Port spot prices rose 8-11 yuan/mt from the prior day. Trader quoting activity was moderate, steel mills maintained a strong wait-and-see stance, and spot trading volumes were moderate as of now. Looking ahead, iron ore port data for this period, according to an SMM survey, showed a slight destocking. Total inventory reached 148.66 million mt, down 690,000 mt MoM, while port pick-up volume edged down 38,000 mt to 3.23 million mt. The destocking was mainly driven by a decline in port arrivals. Overall, the iron ore supply side remained loose. On the news front, market rumors were frequent, and the tug-of-war between longs and shorts was fierce, with no clear divergence yet. With fundamentals and sentiment intertwined, ore prices are likely to continue moving sideways in the short term. Download PDF Source: Metals Market Index (MMI) 2026-06-26 hellenicshippingnews... tweet Share