MMi Daily Iron Ore Report (June 20)

Jun 20, 2025, at 6:22 pm
SMM

Today, DCE iron ore futures continued to hold up well, with the most-traded contract I2509 touching 708 before weakening slightly and closing at 709, up 0.93% for the day. Traders showed a good willingness to sell. Steel mills largely completed their weekly procurement, with only some purchasing as needed today.

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Analysis
Steel

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MMi Daily Iron Ore Report (June 20)

China's copper anode imports in May declined both MoM and YoY, with a cumulative YoY decrease of 21% in 2025 [SMM Analysis]

Tungsten Prices Continue to Soar as Major Producers Raise Long-Term Contract Prices, Marking a Staggering 150% Surge This Year [SMM Comment]