Iron Ore Prices Under Pressure Downward
On June 26, 2026, Business China reported the Australian iron ore benchmark price at 720.67 yuan per tonne, a decrease of 6.35% from 769.56 yuan per tonne at the start of the month. This price movement reflects recent weak iron ore market demand and relatively ample supply. Due to weak expectations for steel demand combined with port inventory pressure, iron ore prices face downward pressure.
Supply-Demand Pattern Not Significantly Improved
This adjustment provides certain relief to the cost side of downstream steel enterprises, but the overall supply-demand pattern has not significantly improved, and prices may remain volatile in the short term. The impact is limited; continued attention is needed on subsequent demand recovery and policy trends.