Iron Ore Index Prices

Iron Ore Seaborne Normalization Differentials
| Product | Price Range | Avg. | Change | Date |
|---|---|---|---|---|
High Grade Fe 60-63% USD/dmt | 3 ~ 3 | 3 | 0(0.00%) | Dec 08, 2025 |
High Grade Fe 63-64% USD/dmt | 2.75 ~ 2.75 | 2.75 | 0(0.00%) | Dec 08, 2025 |
High Grade Fe 64-65% USD/dmt | 2.75 ~ 2.75 | 2.75 | 0(0.00%) | Dec 08, 2025 |
High Grade Fe 65-65.5% USD/dmt | 2.75 ~ 2.75 | 2.75 | 0(0.00%) | Dec 08, 2025 |
High Fe Grade Al 2.25% USD/dmt | 5.25 ~ 5.25 | 5.25 | 0(0.00%) | Dec 08, 2025 |
High Fe Grade Al 2.25-4% USD/dmt | 5.25 ~ 5.25 | 5.25 | 0(0.00%) | Dec 08, 2025 |
High Fe Grade Si 4% USD/dmt | 2.5 ~ 2.5 | 2.5 | +0.25(11.11%) | Dec 08, 2025 |
High Fe Grade Si 4-6.5% USD/dmt | 2.5 ~ 2.5 | 2.5 | +0.25(11.11%) | Dec 08, 2025 |
High Fe Grade 0.09%P0.115% USD/dmt | 0.75 ~ 0.75 | 0.75 | 0(0.00%) | Dec 08, 2025 |
High Fe Grade 0.115%P0.15% USD/dmt | 1.25 ~ 1.25 | 1.25 | 0(0.00%) | Dec 08, 2025 |
Iron Ore Port Stock Normalization Differentials
| Product | Price Range | Avg. | Change | Date |
|---|---|---|---|---|
High Grade Fe 60-63% USD/mt | 1.12 ~ 1.12 | 1.12 | 0(0.05%) | Dec 08, 2025 |
High Grade Fe 63-64% USD/mt | 1 ~ 1 | 1 | -0.75(-42.83%) | Dec 08, 2025 |
High Grade Fe 64-65% USD/mt | 1 ~ 1 | 1 | -0.75(-42.83%) | Dec 08, 2025 |
High Grade Fe 65-65.5% USD/mt | 1 ~ 1 | 1 | -0.75(-42.83%) | Dec 08, 2025 |
1% Fe differential (low grade) USD/mt | 1.5 ~ 1.5 | 1.5 | -0.25(-14.24%) | Dec 08, 2025 |
High Fe Grade Al 2.25% USD/mt | 2.25 ~ 2.25 | 2.25 | -0.87(-27.96%) | Dec 08, 2025 |
High Fe Grade Al 2.25-4% USD/mt | 9.99 ~ 9.99 | 9.99 | +0.01(0.05%) | Dec 08, 2025 |
Low Fe Grade Al 2.25% USD/mt | 2.5 ~ 2.5 | 2.5 | 0(0.05%) | Dec 08, 2025 |
Low Fe Grade Al 2.25-4% USD/mt | 3.5 ~ 3.5 | 3.5 | 0(0.05%) | Dec 08, 2025 |
High Fe Grade Si 4% USD/mt | 3.12 ~ 3.12 | 3.12 | -0.62(-16.62%) | Dec 08, 2025 |
High Fe Grade Si 4-6.5% USD/mt | 5 ~ 5 | 5 | 0(0.05%) | Dec 08, 2025 |
1% Silica differential (low grade) USD/mt | 0.75 ~ 0.75 | 0.75 | 0(0.05%) | Dec 08, 2025 |
High Fe Grade 0.09%P0.115% USD/mt | 0.62 ~ 0.62 | 0.62 | 0(0.05%) | Dec 08, 2025 |
High Fe Grade 0.115%P0.15% USD/mt | 0.62 ~ 0.62 | 0.62 | 0(0.05%) | Dec 08, 2025 |
Low Fe Grade 0.09P0.1% USD/mt | 0.62 ~ 0.62 | 0.62 | 0(0.05%) | Dec 08, 2025 |
Iron Ore Port Stock Differentials To Qingdao
| Product | Price Range | Avg. | Change | Date |
|---|---|---|---|---|
Tianjin USD/mt | -1.25 ~ -1.25 | -1.25 | 0(0.05%) | Dec 08, 2025 |
Shekou USD/mt | 0 ~ 0 | 0 | 0(0.00%) | Dec 08, 2025 |
Rizhao USD/mt | 0 ~ 0 | 0 | 0(0.00%) | Dec 08, 2025 |
Qingdao USD/mt | 0 ~ 0 | 0 | 0(0.00%) | Dec 08, 2025 |
Nantong USD/mt | 0 ~ 0 | 0 | 0(0.00%) | Dec 08, 2025 |
Majishan USD/mt | 0 ~ 0 | 0 | 0(0.00%) | Dec 08, 2025 |
Lianyungang USD/mt | -0.62 ~ -0.62 | -0.62 | 0(0.05%) | Dec 08, 2025 |
Lanshan USD/mt | 0 ~ 0 | 0 | 0(0.00%) | Dec 08, 2025 |
Lanqiao USD/mt | 0 ~ 0 | 0 | 0(0.00%) | Dec 08, 2025 |
Jingtang USD/mt | -1.25 ~ -1.25 | -1.25 | 0(0.05%) | Dec 08, 2025 |
Jiangyin USD/mt | -2.5 ~ -2.5 | -2.5 | 0(0.05%) | Dec 08, 2025 |
Fangcheng USD/mt | -3.12 ~ -3.12 | -3.12 | 0(0.05%) | Dec 08, 2025 |
Dalian USD/mt | 0 ~ 0 | 0 | 0(0.00%) | Dec 08, 2025 |
Caofeidian USD/mt | -1 ~ -1 | -1 | 0(0.05%) | Dec 08, 2025 |
Beilun USD/mt | 0 ~ 0 | 0 | 0(0.00%) | Dec 08, 2025 |
Bayuquan USD/mt | -5.62 ~ -5.62 | -5.62 | 0(0.05%) | Dec 08, 2025 |
MMi Port Stock Index
| Product | Price Range | Avg. | Change | Date |
|---|---|---|---|---|
62% Fe Fines (Qingdao Port): IOPI62 USD/mt | 100.8 ~ 100.8 | 100.8 | -0.7(-0.69%) | Dec 08, 2025 |
62% Fe Fines (Qingdao Port, CFR Equiv.) USD/dmt | 105.89 ~ 105.89 | 105.89 | -0.84(-0.79%) | Dec 08, 2025 |
58% Fe Fines (Qingdao Port): IOPI58 USD/mt | 88.44 ~ 88.44 | 88.44 | -0.7(-0.79%) | Dec 08, 2025 |
58% Fe Fines (Qingdao Port, CFR Equiv.) USD/dmt | 93.45 ~ 93.45 | 93.45 | -0.84(-0.89%) | Dec 08, 2025 |
65% Fe Fines (Qingdao Port): IOPI65 USD/mt | 114.79 ~ 114.79 | 114.79 | -0.69(-0.60%) | Dec 08, 2025 |
65% Fe Fines (Qingdao Port, CFR Equiv.) USD/dmt | 121.12 ~ 121.12 | 121.12 | -0.84(-0.69%) | Dec 08, 2025 |
62.5% Fe Lump (Qingdao Port, CFR equiv) USD/dmt | 109.04 ~ 109.04 | 109.04 | -1.51(-1.37%) | Dec 05, 2025 |
62.5% Fe Lump (Qingdao Port): IOPLI62 USD/mt | 107.99 ~ 107.99 | 107.99 | -1.3(-1.19%) | Dec 05, 2025 |
MMi Seaborne Index
| Product | Price Range | Avg. | Change | Date |
|---|---|---|---|---|
62% Fe Fines (CFR Qingdao Port): IOSI62 USD/dmt | 106.15 ~ 106.15 | 106.15 | -1.1(-1.03%) | Dec 08, 2025 |
65% Fe Fines (CFR Qingdao Port): IOSI65 USD/dmt | 121.78 ~ 121.78 | 121.78 | -2.12(-1.71%) | Dec 08, 2025 |



