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Iron Ore Advances as CMRG May Block Some Fortescue Deliveries

Iron Ore Advances as CMRG May Block Some Fortescue Deliveries
Bloomberg Markets Thursday 02 July 2026, 02:59 UTC By Alfred Cang, Jessica Zhou 1 min read
Key Points

Commodities Iron Ore Advances as CMRG May Block Some Fortescue Deliveries Iron ore advanced — with futures briefly topping $100 a ton — after China’s state-backed buyer of the commodity signaled that it planned to restrict some Fortescue Ltd. inventories held at mainland ports. Futures rose as much as 3.8% to $101.20 a ton in Singapore during the night-trading session, before paring gains on Thursday morning. China Mineral Resources Group Co. officials asked mills and traders holding...

Commodities Iron Ore Advances as CMRG May Block Some Fortescue Deliveries Iron ore advanced — with futures briefly topping $100 a ton — after China’s state-backed buyer of the commodity signaled that it planned to restrict some Fortescue Ltd. inventories held at mainland ports. Futures rose as much as 3.8% to $101.20 a ton in Singapore during the night-trading session, before paring gains on Thursday morning. China Mineral Resources Group Co. officials asked mills and traders holding Fortescue’s Super Special Fines to take deliveries before July 15, after which the furnace feedstock would be blacklisted, people with knowledge of the matter said.
Iron Ore Advances (ORG) Fortescue Deliveries Commodities Iron Ore Advances (ORG) Fortescue Deliveries Iron (ORG) China (LOCATION) Fortescue Ltd. (ORG) Singapore (LOCATION) China Mineral Resources Group Co. (ORG) Fortescue (ORG) Super Special Fines (ORG)
Originally published by Bloomberg Markets Read original →

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