MMI Daily Iron Ore Index Report June 29 2026 in Chinese iron ore and steelmaking prices 29/06/2026 Today on the DCE iron ore futures first weakened and then strengthened, with contract I2609 finally closing at 746 yuan/ton, up 0.67% from the previous trading session. Port spot prices were unchanged from the previous trading day. Trader activity was moderate, and steel mills purchased on an as-needed basis, with spot transaction volumes remaining lackluster so far. In the short term, iron ore supply continues to ease. According to SMM statistics, China’s iron ore arrivals reached 29.33 million tonnes last week, up 5.47% month-on-month and 5.94% year-on-year. Meanwhile, the latest SMM data shows that total inventory across 35 ports stood at approximately 148 million tonnes, with destocking beginning to slow down. As downstream demand softens, mounting supply-side pressure on iron ore continues to cap upside price potential. At the same time, a mix of bullish and bearish rumours on the news front may drive modest upward price probes in the near term. Taken together, the market is likely to maintain a range-bound oscillatory pattern over the short term. Download PDF Source: Metals Market Index (MMI)   2026-06-29 hellenicshippingnews... tweet Share