
Iron ore futures dropped toward CNY 740 per ton, hovering near three-week lows as evidence of abundant global supply continued to pressure prices. Imported iron ore inventories at Chinese ports remained high, while stockpiles at Chinese steel mills climbed 8% last week. Data also showed that Western Australia’s Pilbara Ports, the world’s largest iron ore export hub, handled more than 800 million tons of cargo during the 2025-2026 financial year, with iron ore shipments totaling about 759.4 million tons. That surpassed the previous record of 775.7 million tons set in the 2024-2025 financial year. Meanwhile, Port Hedland handled 580.4 million tons of cargo over the same period, while Dampier processed 178.3 million tons. On the demand side, investors are awaiting updates from the Politburo meeting in Beijing for potential stimulus measures that could provide support to the Chinese economy.





