MMI Daily Iron Ore Index Report June 1 2026 in Chinese iron ore and steelmaking prices 01/06/2026 The DCE iron ore futures moved sideways today, with the most-traded contract I2609 closing at 781 yuan/mt, down 0.19% from the previous trading session. Port spot prices edged down 0-3 yuan from the previous day. Traders offered prices in line with the market; steel mills remained cautious and on the sidelines, purchasing as needed; overall market trading atmosphere was sluggish. The transaction price of PB fines at Shandong ports was 751 yuan/mt. The transaction price of PB fines at Caofeidian port was 760 yuan/mt, and that of Jimblebar fines was 723 yuan/mt. According to SMM shipping data last week, global iron ore shipments continued their growth trend, up 3.65% WoW, though the pace of increase had narrowed; meanwhile, port arrivals rebounded significantly, up 11% WoW. Entering June, some mines are expected to ramp up shipments to meet fiscal year or quarterly targets, and iron ore shipments still have room for further growth, with supply pressure continuing to rise. Demand side, although hot metal production still had some incremental growth, considering weakening steel mill profits and gradually softening end-use demand, upside room for hot metal output is limited, and port inventory is expected to continue accumulating. Overall, iron ore prices are under pressure and may maintain a sideways paƩern in the short term. Download PDF Source: Metals Market Index (MMI) 2026-06-01 hellenicshippingnews... tweet Share