Dalian Iron Ore Firms: China’s Imports, Exports Hit Records | Mariner News
Dalian iron ore futures are experiencing a firming trend following robust reports from China, which saw both its monthly iron ore imports and steel exports reach unprecedented record highs. This surge underscores significant shifts in global commodity markets, particularly impacting the Dalian Commodity Exchange (DCE) where the steelmaking ingredient is actively traded. The upward movement reflects strong market sentiment despite various economic pressures.
China’s Record Steel and Iron Ore Trade
China’s General Administration of Customs reported an all-time monthly high for steel exports in December. This surge was primarily driven by front-loading activities, as producers anticipated new export license requirements slated for 2026. Experts note that these strong export figures continue to play a crucial role in offsetting periods of weaker domestic demand, providing a critical outlet for China’s vast steel production capacity.
Boosting Mill Inventories and Market Outlook
Concurrently, China’s iron ore imports also hit a record high last year, with December figures contributing significantly. Low domestic inventories combined with improved steel margins incentivized mills to book substantial cargo volumes. This proactive replenishment by steel mills, particularly ahead of the Chinese New Year, suggests a strategic move to build up steel inventories, supported by firming hot metal output in recent weeks. The sustained demand for this vital raw material is a key indicator for future market stability and growth in the bulk shipping sector.
