MMI Daily Iron Ore Index Report June 11 2026 in Chinese iron ore and steelmaking prices 11/06/2026 On the DCE, iron ore futures trended weaker today, with the most-traded contract I2609 closing at 764 yuan/mt, down 0.46% from the previous trading day. Port spot prices fell 3–5 yuan from the previous day. Trader activity was moderate; steel mills restocked on demand, and as of now, spot trading volumes were moderate. Looking ahead, supply of coal and coke remains tight and the seventh round of price increases is imminent. Fundamentals are suppressing steel mill profits, forcing iron ore to concede, and the resulting sentiment spillover has also capped ore prices, making upward movement quite difficult. From iron ore’s own fundamentals, supply was relatively loose this week. Even with pig iron production staying high, the latest SMM 10-port data showed a slight inventory increase, with total inventory reaching 110.97 million mt, up 610,000 mt MoM. The buildup was mainly in high-grade fines. This suggests steel mills have begun to slow down iron ore purchases. Therefore, overall, short-term ore prices are likely to fluctuate within a narrow range, supported by rigid demand but capped by downward pressures. Download PDF Source: Metals Market Index (MMI) 2026-06-11 hellenicshippingnews... tweet Share