WEEKLY: Mid East chaos sends China's import iron ore prices higher

Source: Mysteel Mar 09, 2026 15:45

Chinese prices for imported iron ore strengthened last week, primarily supported by higher freight rates as the geopolitical crisis in the Middle East disrupted oil supplies.

As of March 6, Mysteel PORTDEX 62% Australian Fines in Qingdao had risen by Yuan 13/wmt ($1.9/wmt) on week to Yuan 767/wmt FOT and including the 13% VAT, while Mysteel SEADEX 62% Australian Fines had also advanced $2.3/dmt on week to reach $104/dmt CFR Qingdao. Escalating geopolitical tensions in the