MYSTEEL: China's iron ore market to continue falling in H2

Source: Mysteel Jul 02, 2026 18:00

Chinese imported iron ore prices ended the first half of this year lower on balance, despite a brief rebound in the middle of the period. On June 30, Mysteel SEADEX 61% Australian Fines was assessed at $98.25/dmt CFR Qingdao, lower by $5.85/dmt from January 2. Looking ahead to the July-December half, China's iron ore market is expected to weaken further amid rising supply and falling demand, with Mysteel's latest market outlook for the commodity forecasting an overall supply surplus worldwide of 30 million tonnes (on an iron-unit basis) for H2.

H1 review: Supply outpaces demand The supply-demand divergence was already evident during this year's January-June half. Global iron ore shipments to all destinations totalled 817 million tonnes during H1, higher by 33.5 million tonnes or 4.3% on year, according to Mysteel's tracking. China, the world's largest seaborne iron ore buyer,

Price Curve

Daily Prices

Imported iron ore prices: China's major cities

Jul 02, 2026 20:03
Mysteel Iron Ore Index

Jul 02, 2026 19:27
Iron ore portside prices: Jingtang port

Jul 02, 2026 18:29
Iron ore portside prices: Caofeidian port

Jul 02, 2026 18:27
Iron ore portside prices: Huanghua port

Jul 02, 2026 18:18

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