Iron ore futures fell on Monday, pressured by weak economic indicators that dampened market sentiment.
China’s consumer prices declined for a fourth consecutive month in May, despite government efforts to boost domestic consumption. According to the National Bureau of Statistics, the Consumer Price Index (CPI) dropped 0.1pct YoY, while the Producer Price Index (PPI) slid 3.3pct compared to the same period last year.
The long-term outlook for iron ore remains pessimistic, weighed down by a sluggish property sector and ongoing trade tensions between Beijing and Washington, both of which threaten growth in the steel industry.
Although steel exports were strong in the first half of 2025, rising protectionist measures are expected to curb momentum in the second half. Additionally, the seasonal slowdown in construction activity during the summer is likely to exert short-term pressure on iron ore demand.
On the Dalian Commodity Exchange, the most-traded September iron ore contract declined by 0.71pct to 703 yuan (USD 97.70) per ton. Coke futures dropped 1.22pct to 1,339 yuan (USD 186), while coking coal futures edged up 0.13pct to 780 yuan (USD 108) per ton.
Meanwhile, on the Shanghai Futures Exchange, rebar and HRC futures remained largely flat, closing the morning session at 2,981 yuan (USD 415) and 3,095 yuan (USD 430) per ton, respectively. Wire rod futures slipped 0.66pct to 3,292 yuan (USD 458), and stainless steel futures declined 0.47pct to 12,655 yuan (USD 1,760) per ton.
1 USD / 7.19 yuan
CHINESE STEEL FUTURES
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Date: 6/9/2025 |
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| Material | Closing Price (in yuan) |
Difference from Night Session (pct) |
Difference from Previous Morning Session (pct) |
| Wire Rod | 3,292 |
-0.66 |
-0.15 |
| HRC | 3,095 |
-0.06 |
0.10 |
| Rebar | 2,981 |
-0.03 |
0.20 |
| Stainless Steel | 12,655 |
0.47 |
-0.20 |
| Iron Ore | 703 |
-0.71 |
-0.64 |
| Coke | 1,339 |
-1.22 |
-0.86 |
| Coking Coal | 780 |
0.13 |
0.19 |