MMI Daily Iron Ore Index Report June 8 2026 in Chinese iron ore and steelmaking prices 08/06/2026 Today, DCE iron ore futures trended weak, with the most-traded contract I2609 eventually closing at 759 yuan/mt, down 0.78% from the previous trading day. Port spot prices fell 5 yuan/mt from the prior day. Traders acted in line with the market, with moderate quoting activity; steel mills mainly made need-based restocking purchases, with few inquiries; as of now, spot transaction volumes were moderate. Shipping data shows that China’s iron ore supply has entered a loose phase, and iron ore prices will gradually come under pressure. According to SMMdata, total global iron ore shipment volume last week fell 3.88% WoW to 33.8317 million mt, and total iron ore arrivals into China rose 2% WoW to 27.54 million mt. Meanwhile, the decline in port pick-up volumes also indicates that steel mills’ demand for iron ore is starting to slow down. With coking coal and coke price rise expectations still in place, even if hot metal prices remain high, steel mills’ acceptance of iron ore prices is relatively tight, making ore prices overall more likely to fall than rise. In the short term, iron ore prices may continue to be under pressure, showing a weak trend overall. Download PDF Source: Metals Market Index (MMI) 2026-06-08 hellenicshippingnews... tweet Share