Iron ore futures inched higher on Tuesday as markets awaited potential stimulus signals from the ongoing Communist Party Central Committee session, which runs through October 23.
Investors are watching closely for pro-growth measures under China’s new five-year plan, following data that underscored continued weakness in the troubled property sector.
Despite policy optimism, demand fundamentals remain weak. Rising supply has pushed up iron ore inventories at major Chinese ports, while sluggish steel demand and high production have led to growing finished steel stocks at domestic warehouses, putting further pressure on prices.
On the Dalian Commodity Exchange, the most-traded January iron ore contract rose 0.13pct to 769.5 yuan (USD 108) per ton. Coking coal futures fell 3.49pct to 1,177 yuan (USD 165), and coke declined 2.73pct to 1,672 yuan (USD 235) per ton.
On the Shanghai Futures Exchange, rebar and HRC futures slipped over 0.3pct to 3,047 yuan (USD 428) and 3,219 yuan (USD 452) per ton, respectively. Wire rod dropped 0.51pct to 3,345 yuan (USD 470), while stainless steel gained 0.44pct to 12,665 yuan (USD 1,779) per ton.
1 USD / 7.12 yuan
CHINESE STEEL FUTURES
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Date: 10/21/2025 |
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| Material | Closing Price (in yuan) |
Difference from Night Session (pct) |
Difference from Previous Morning Session (pct) |
| Wire Rod | 3,345 |
-0.51 |
-0.06 |
| HRC | 3,219 |
-0.31 |
0.12 |
| Rebar | 3,047 |
-0.36 |
0.07 |
| Stainless Steel | 12,665 |
0.44 |
0.55 |
| Iron Ore | 769.5 |
0.13 |
0.32 |
| Coke | 1,672 |
-2.73 |
-2.27 |
| Coking Coal | 1,177 |
-3.49 |
-3.31 |
