Iron ore futures rose on Monday, supported by restocking demand from Chinese steel mills ahead of the October holidays and firm steel production levels.
Commodity markets also expect additional policy support as Beijing works to meet its around 5pct annual growth target, with weak August data reinforcing expectations and lending support to the iron ore market.
Analysts caution that while finished steel demand shows signs of improvement, high production could create excess supply unless demand strengthens further.
Reflecting the cautious outlook, leading producer Shagang kept its domestic long product prices unchanged for sales between September 21-30, rolling over from the previous ten-day period.
On the Dalian Commodity Exchange, the most-traded January iron ore contract rose 0.37pct to 808.5 yuan (USD 113.6) per ton. Coking coal gained 0.12pct to 1,217.5 yuan (USD 171), while coke slipped 0.43pct to 1,718 yuan (USD 242) per ton.
On the Shanghai Futures Exchange, rebar futures climbed 0.85pct to 3,185 yuan (USD 448), HRC rose 0.54pct to 3,380 yuan (USD 475), wire rod inched up 0.06pct to 3,285 yuan (USD 462), and stainless steel gained 0.31pct to 12,910 yuan (USD 1,815) per ton.
1 USD / 7.11 yuan
CHINESE STEEL FUTURES
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Date: 9/22/2025 |
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| Material | Closing Price (in yuan) |
Difference from Night Session (pct) |
Difference from Previous Morning Session (pct) |
| Wire Rod | 3,285 |
0.06 |
0.09 |
| HRC | 3,380 |
0.54 |
0.18 |
| Rebar | 3,185 |
0.85 |
0.41 |
| Stainless Steel | 12,910 |
0.31 |
0.39 |
| Iron Ore | 808.5 |
0.37 |
0.12 |
| Coke | 1,718 |
-0.43 |
-1.19 |
| Coking Coal | 1,217.5 |
0.12 |
-1.19 |
