June 10, 2026 · Intelligence Report · Iron Ore 62% Fe (SGX)
Iron ore has corrected 9% from its May high of $111/mt as record port inventories (160.35 Mt) and weak Chinese steel demand overwhelm the supply disruption premium from Q1 cyclones. The structural surplus narrative is reasserting itself — buyers should prepare for a $90-102/mt range through Q3 2026.
Spot (SGX)
$101.37
Prev: $101.05
WoW Change
-0.6%
From Jun 8 close
52W Range
$93–$111
At 44% percentile
Port Inventories
160.35 Mt
+22% vs Jul 2025 low
7 FACT9 ESTIMATE
Data as of June 10, 2026. Prices from SGX TIO=F. Updated daily.
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