Iron ore prices on November 6, 2026, in domestic and maritime markets changed differently. The Dalian Iron Ore Exchange (DCE) reached 687.5 yuan per ton, down 0.51%. Additionally, the 61% and 65% indices at the port each decreased by 2 yuan, while the 58% index remained stable.
Changes in the Maritime Market
In contrast, the combined 61% and 65% indices in the maritime market reached 91.95 and 107.95 dollars per ton, respectively, and all 12 brands also saw an increase of 0.20 dollars per ton. These increases in a specific market do not establish overall strength in the price chain, and physical balance remains crucial for assessing price stability.
Inventory and Demand Status
Recent surveys indicate that the amount of hot iron has decreased by 4,800 tons compared to last week, while inventory at ten ports has increased by 643,600 tons. The increase in inventory is due to the growth of concentrate and bulk ores, while the amount of powder and pellets has decreased. The latest data on transportation and goods arrival is up to October 30. The decrease in goods arrival may reduce input pressure for this period, but it does not mean that current inventories are declining.
A cautious and limited outlook in the short term remains appropriate. Small increases in maritime prices and the domestic iron ore index may provide some support for prices, while weakness at the port, inventory accumulation, and reduced demand for hot iron limit demand expectations. Better margins for mills, along with stable purchases, can strengthen support, while need-based purchasing may cause prices to fluctuate based on transactions, inventories, and resource composition.
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