Iron ore futures climbed on Friday, supported by restocking demand ahead of the October holidays and higher steel production levels. Analysts noted that these factors are underpinning near-term demand for iron ore.
However, the recovery in steel demand remains moderate. Rising production has pushed up inventories of major steel products at Chinese warehouses, though some traders reported improved rebar sales in the domestic market over the past week.
Looking ahead, iron ore futures are expected to retain strength, though upside potential could be limited by possible environmental production curbs and weakening steel mills’ profit margins.
On the Dalian Commodity Exchange, the most-traded January iron ore contract gained 0.81pct to 807.5 yuan (USD 113.4) per ton. It gained 1pct compared with last Friday’s morning session close.
Coking coal futures rose 1.36pct to 1,232 yuan (USD 173), while coke edged up 0.75pct to 1,738.5 yuan (USD 244) a ton.
On the Shanghai Futures Exchange, rebar futures added 0.73pct to 3,172 yuan (USD 446), HRC rose 0.18pct to 3,374 yuan (USD 474), and wire rod inched up 0.09pct to 3,282 yuan (USD 461). Stainless steel, however, slipped 0.39pct to 12,860 yuan (USD 1,807) per ton.
1 USD / 7.11 yuan
CHINESE STEEL FUTURES
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Date: 9/19/2025 |
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| Material | Closing Price (in yuan) |
Difference from Night Session (pct) |
Difference from Previous Morning Session (pct) |
| Wire Rod | 3,282 |
0.09 |
-0.09 |
| HRC | 3,374 |
0.18 |
0.59 |
| Rebar | 3,172 |
0.73 |
0.79 |
| Stainless Steel | 12,860 |
-0.39 |
-0.12 |
| Iron Ore | 807.5 |
0.81 |
0.93 |
| Coke | 1,738.5 |
0.75 |
1.70 |
| Coking Coal | 1,232 |
1.36 |
2.31 |
