MMI Daily Iron ore index report May 08 2025

Today, DCE Iron Ore Futures saw a significant decline, with the I2509 contract most traded in 693.5, down 2.73% for that day. Trader ‘ Enthusiasm to sell it medium; The steel factory is purchased as needed, and the atmosphere of market transactions can be received. The price transaction price of the main stream of PB fines in the Shandong area is around 750-755 Yuan/MT, down 5-10 Yuan/MT from yesterday’s price; The price of PB fines in the Tangshan area is around 765-770 Yuan/MT, also down 5-10 Yuan/MT from yesterday’s price. Today the price of iron ore dropped sharply, mainly because of the combined impact of three bearish factors: First, the detailed rules of the policy to reduce raw steel production were then clarified; Second, real demand for five main steel products fell sharply based on WOW, triggering market concerns about “negative feedback”; Third, Trump’s government sent strong signals in tariff negotiations with China.

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Source: Metal Market Index (MMI)