MMI Daily Iron Ore Index Report June 2 2026 in Chinese iron ore and steelmaking prices 02/06/2026 The DCE iron ore futures shifted from weak to strong today, with the most-traded contract I2609 closing at 786.5 yuan/mt, up 0.77% from the previous trading price. Port spot prices rose by 3-5 yuan accordingly. Traders actively quoted and sold; steel mills showed increasing wait-andsee sentiment, mainly purchasing as needed; overall market trading activity was moderate. The transaction price of PB fines at Shandong ports was 755 yuan/mt. The transaction price of PB fines at Caofeidian port was 765 yuan/mt. According to SMM’s data on blast furnace impact from maintenance, production resumptions at large blast furnaces this week were expected to drive hot metal production further up, providing some support for ore prices. However, the increase in hot metal production also boosted steel output, and with end-use demand already weakening, steel inventory pressure was set to rise, making it harder for prices to rise. Therefore, iron ore prices were expected to be under pressure, with increasing short-term upside resistance and limited upside room. Download PDF Source: Metals Market Index (MMI) 2026-06-02 hellenicshippingnews... tweet Share