MMI Daily Iron Ore Index Report April 9 2026 in Chinese iron ore and steelmaking prices 09/04/2026 The overall trend for iron ore futures was weak today, with the main contract I2609 closing at 750 RMB/ton, down 2.53% from the previous session. Spot prices fell 7-12 RMB/ton, with traders showing general willingness to quote but steel mills restocking only as needed and making few inquiries, resulting in limited spot market transactions so far. According to SMM’s sample survey of 10 ports, inventory reached 115.94 million tons, down 3.37 million tons month-on-month. As steel mills prioritize cost-effective raw materials due to margin pressure, high-premium varieties have seen significant stockpiling while high-inventory varieties have declined sharply, keeping transaction volumes weak and weighing on prices. On the news front, market rumors of major negotiation progress have reinforced expectations of a future supply glut, puƫng notable upward pressure on iron ore prices. Meanwhile, the reopening and reclosure of the Strait of Hormuz has revived expectations of prolonged Middle East instability. Therefore, iron ore prices are likely to remain weak in the near term. Download PDF Source: Metals Market Index (MMI) 2026-04-09 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share