MMI Daily Iron Ore Index Report October 29 2026

The price of iron ore continued to recover today, with a modest improvement in port inventories. The most traded DCE iron ore contract closed at 682.0 yuan/mt, up 1.49%, while the 61%, 58%, and 65% port indices rose to 654, 608, and 817 yuan/wmt respectively. The seaborne indices reached USD 90.90/dmt for the 61% and 107.05 for the 65%, with all 12 brands higher.