SMM News, March 6, 2026:
Dear Users:
In July 2025, the typical values of mainstream iron ore products produced by two major mines in Australia—Rio Tinto and BHP—were adjusted. Meanwhile, among SMM’s existing iron ore quotations, the port spot prices for a few ports were not sufficiently representative. To ensure the accuracy, fairness, and market representativeness of SMM prices and to reflect the actual trading situation in the current market in a true and objective manner, after prudent evaluation, we decided that certain existing iron ore price-point data that can no longer effectively represent the current market will be temporarily discontinued from updates on March 16. The adjustment list is as follows:
1, All iron ore port spot cargoes quotations at Bayuquan Port and Jiangyin Port, as well as the corresponding USD quotations.
2, All port spot prices and USD prices for 61.5% PB fines, 62.5% PB lump, 62.5% Newman fines, and 60.7% Roy Hill fines.
At the same time, we will launch the spot prices at main ports for 61.6% PB lump and 61.2% Newman fines.
We remain committed to providing the market with high-quality, reliable price benchmarks. We sincerely apologize for any inconvenience caused by this adjustment and kindly ask for your understanding and support. If you have any questions, please feel free to contact us at any time.
SMM will, as always, closely monitor market developments and continue to optimize our products and services.
SMM March 6, 2026