WEEKLY: China's import iron ore prices fall further

Source: Mysteel Feb 02, 2026 15:45

Chinese prices for imported iron ore declined during the week of January 26-30, mainly pressured by waning interest in holiday restocking among steelmakers, according to Mysteel's latest weekly report.

By January 30, Mysteel PORTDEX 62% Australian Fines in Qingdao had fallen by Yuan 10/wmt ($1.4/wmt) on week to Yuan 797/wmt FOT and including the 13% VAT, while Mysteel SEADEX 62% Australian Fines had also lost $0.65/dmt on week to $104.75/dmt CFR Qingdao. With the Chinese New Year (CNY) holiday