MMI Daily Iron Ore Index Report October 28 2026

Prices recovered today alongside marginal improvement in production. DCE most-traded closed at 672.0 yuan/mt, up 1.20%, and mainstream Qingdao brands rose 5–6 yuan/wmt. The seaborne 61% and 65% indices increased to USD 89.65 and 106.50/dmt, with all 12 brands higher. Composite port indices remained mixed, showing that brand quotations and composite grade pricing do not ...