MMI Daily Iron Ore Index Report 12 December 2025

Currently, DCE iron prices fluctuate in a narrow range, with the main contract I2605 closing at 760.5, down 0.33% compared to to the previous trading day. Traders adjust their sales strategies based on market conditions. Heading into Friday, steel mills showed limited buying interest, with some steel mills reducing prices for procurement in line with their immediate needs. Overall market sentiment remains weak. In Shandong, PB fine transaction prices ranged from 778 to 782 yuan per ton, up 0–3 yuan from the previous day. In Hebei, PB fine transaction prices ranged from 792 to 800 yuan per ton, also up 03 yuan from the previous day. New port storage fee regulations introduced today sparked market discussion. If implemented, these rules are expected to have a significant impact on some foreign-funded companies and non-mainstream traders, potentially triggering short-term selling pressure and pessimistic market sentiment. Given that the macroeconomic narrative is largely over, iron ore prices have returned to fundamental levels. However, with fundamental conditions still relatively weak, it is estimated that ore prices will continue to show a weak and fluctuating trend in the coming week.

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Source: Metals Market Index (MMI)