This report is provided by MacroTerms.com

Data as of: 2026-10-09 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)

Iron Ore (DCE.I) In-Depth Analysis Report | Bearish | 2026-10-10

The current direction for iron ore (DCE.I) is bearish, with the core logic being the coexistence of continuously weakening demand and supply-side pressure, a technical break below key support, and funds showing an active increase in short positions. As of the 2026-10-09 settlement, the main contract I2701 was at 683.5 points, down 4.34% over 5 days and 6.06% over 20 days, with the price having fallen back to around 678.5, the lower edge of the 20-day channel. The net short position of the top 20 seats was 42,049 lots, an increase of 13,984 lots on the day, indicating active short accumulation and selling pressure. If the daily close effectively breaks below 678.0, it will open further downside space to 672.0.