62% Fe fines, CFR China spot averaged $96.3/dmtu in August 2026, -3% over twelve months and +58% over ten years. The nominal all-time high was $214.4/dmtu in June 2021; in 2024 dollars the real peak was $290.3/dmtu in November 2007. Monthly averages, World Bank Pink Sheet.
62% Fe fines, CFR China spot
Derived price statistics per series
Series
Latest
1 month
12 months
5 years
10 years
20 years
All-time high (nominal)
All-time high (real, 2024 US$)
62% Fe fines, CFR China spot $/dmtu, since 1960
96.3 August 2026
-2%
-3%
-41%
+58%
+38%
214.4 June 2021
290.3 November 2007
Percentage changes compare the latest monthly average with the monthly average 1, 12, 60, 120 and 240 months earlier. Real prices deflate by the US consumer price index (BLS via FRED) to 2024 dollars.
Prices are monthly benchmark averages that may lag the market; informational only, not investment, legal or trade advice. For what these benchmarks mean and how they are set, see how iron ore is priced.
Monthly iron ore prices by decade
Choose a decade. Values are monthly averages in the unit shown; blank cells mean no quote was published.
62% Fe fines, CFR China spot ($/dmtu)
62% Fe fines, CFR China spot monthly prices, 1960s, $/dmtu
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Average
1960
11.4
11.4
11.4
11.4
11.4
11.4
11.4
11.4
11.4
11.4
11.4
11.4
11.4
1961
11
11
11
11
11
11
11
11
11
11
11
11
11
1962
11
11
11
11
11
11
11
11
11
11
11
11
11
1963
11
11
11
11
11
11
11
11
11
11
11
11
11
1964
10.2
10.2
10.2
10.2
10.2
10.2
10.2
10.2
10.2
10.2
10.2
10.2
10.2
1965
10.2
10.2
10.2
10.2
15.3
10.2
10.2
10.2
10.2
10.2
10.2
10.2
10.63
1966
9.5
9.5
9.5
9.5
9.5
9.5
9.5
9.5
9.5
9.5
9.5
9.5
9.5
1967
8.9
8.9
8.9
8.9
8.9
8.9
8.9
8.9
8.9
8.9
8.9
8.9
8.9
1968
8.8
8.8
8.8
8.8
8.8
8.8
8.8
8.8
8.8
8.8
8.8
8.8
8.8
1969
9.8
9.8
9.8
9.8
9.8
9.8
9.8
9.8
9.8
9.8
9.8
9.8
9.8
62% Fe fines, CFR China spot monthly prices, 1970s, $/dmtu
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Average
1970
9.8
9.8
9.8
9.8
9.8
9.8
9.8
9.8
9.8
9.8
9.8
9.8
9.8
1971
10.3
10.3
10.3
10.3
10.3
10.3
10.3
10.3
10.3
10.3
10.3
10.3
10.3
1972
10.3
10.3
10.3
10.3
10.3
10.3
10.3
10.3
10.3
10.3
10.3
10.3
10.3
1973
10.3
10.3
10.3
10.3
10.3
10.3
10.3
10.3
10.3
10.3
10.3
10.3
10.3
1974
13.4
13.4
13.4
13.4
13.4
13.4
13.4
13.4
13.4
13.4
13.4
13.4
13.4
1975
17.3
17.3
17.3
17.3
17.3
17.3
17.3
17.3
17.3
17.3
17.3
17.3
17.3
1976
22.7
22.7
22.7
22.7
22.7
22.7
22.7
22.7
22.7
22.7
22.7
22.7
22.7
1977
23.1
23.1
23.1
23.1
23.1
23.1
23.1
23.1
23.1
23.1
23.1
23.1
23.1
1978
21.5
21.5
21.5
21.5
21.5
21.5
21.5
21.5
21.5
21.5
21.5
21.5
21.5
1979
23.5
23.5
23.5
23.5
23.5
23.5
23.5
23.5
23.5
23.5
23.5
23.5
23.5
62% Fe fines, CFR China spot monthly prices, 1980s, $/dmtu
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Average
1980
28.1
28.1
28.1
28.1
28.1
28.1
28.1
28.1
28.1
28.1
28.1
28.1
28.1
1981
28.1
28.1
28.1
28.1
28.1
28.1
28.1
28.1
28.1
28.1
28.1
28.1
28.1
1982
32.5
32.5
32.5
32.5
32.5
32.5
32.5
32.5
32.5
32.5
32.5
32.5
32.5
1983
29
29
29
29
29
29
29
29
29
29
29
29
29
1984
26.2
26.2
26.2
26.2
26.2
26.2
26.2
26.2
26.2
26.2
26.2
26.2
26.2
1985
26.6
26.6
26.6
26.6
26.6
26.6
26.6
26.6
26.6
26.6
26.6
26.6
26.6
1986
26.3
26.3
26.3
26.3
26.3
26.3
26.3
26.3
26.3
26.3
26.3
26.3
26.3
1987
25.3
25.3
25.3
25.3
25.3
25.3
25.3
25.3
25.3
25.3
25.3
25.3
25.3
1988
24.3
24.3
24.3
24.3
24.3
24.3
24.3
24.3
24.3
24.3
24.3
24.3
24.3
1989
27.8
27.8
27.8
27.8
27.8
27.8
27.8
27.8
27.8
27.8
27.8
27.8
27.8
62% Fe fines, CFR China spot monthly prices, 1990s, $/dmtu
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Average
1990
32.5
32.5
32.5
32.5
32.5
32.5
32.5
32.5
32.5
32.5
32.5
32.5
32.5
1991
34.8
34.8
34.8
34.8
34.8
34.8
34.8
34.8
34.8
34.8
34.8
34.8
34.8
1992
33.1
33.1
33.1
33.1
33.1
33.1
33.1
33.1
33.1
33.1
33.1
33.1
33.1
1993
29.1
29.1
29.1
29.1
29.1
29.1
29.1
29.1
29.1
29.1
29.1
29.1
29.1
1994
26.5
26.5
26.5
26.5
26.5
26.5
26.5
26.5
26.5
26.5
26.5
26.5
26.5
1995
28.4
28.4
28.4
28.4
28.4
28.4
28.4
28.4
28.4
28.4
28.4
28.4
28.4
1996
30
30
30
30
30
30
30
30
30
30
30
30
30
1997
30.2
30.2
30.2
30.2
30.2
30.2
30.2
30.2
30.2
30.2
30.2
30.2
30.2
1998
31
31
31
31
31
31
31
31
31
31
31
31
31
1999
27.6
27.6
27.6
27.6
27.6
27.6
27.6
27.6
27.6
27.6
27.6
27.6
27.6
62% Fe fines, CFR China spot monthly prices, 2000s, $/dmtu
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Average
2000
28.8
28.8
28.8
28.8
28.8
28.8
28.8
28.8
28.8
28.8
28.8
28.8
28.8
2001
30
30
30
30
30
30
30
30
30
30
30
30
30
2002
29.3
29.3
29.3
29.3
29.3
29.3
29.3
29.3
29.3
29.3
29.3
29.3
29.3
2003
32
32
32
32
32
32
32
32
32
32
32
32
32
2004
37.9
37.9
37.9
37.9
37.9
37.9
37.9
37.9
37.9
37.9
37.9
37.9
37.9
2005
65
65
65
65
65
65
65
65
65
65
65
65
65
2006
67.2
65.2
66.7
67.3
67.3
69.3
70.5
69.8
70
71.7
73.5
73.5
69.33
2007
78.2
82.7
88.6
91.3
102
103.2
106.1
121.9
148.7
168.1
195.1
190.1
123
2008
193.4
186.1
197.1
196
193
183.9
180.5
178.7
139.6
88.7
65
70
156
2009
72.5
75.6
64.1
59.8
62.7
71.7
84
97.7
80.7
86.8
99.3
105.1
80
62% Fe fines, CFR China spot monthly prices, 2010s, $/dmtu
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Average
2010
125.7
127.5
139.7
172.5
161.4
143.6
126.4
145.3
140.6
148.5
156.1
163.1
145.9
2011
179.2
187.2
169.4
179.3
177.1
170.9
173
177.5
177.2
150.4
135.5
136.4
167.8
2012
140.3
140.4
144.7
147.6
136.6
134.7
127.9
107.5
99.5
114
120.4
128.5
128.5
2013
150.5
154.6
139.9
137.4
124
114.8
127.2
137.1
134.2
132.6
136.3
135.8
135.4
2014
128.1
121.4
111.8
114.6
100.6
92.7
96.1
92.6
82.4
81.1
73.7
68.4
96.96
2015
68.2
62.8
58.1
52.3
60.3
62.6
52.4
56.2
57
53.1
46.9
40.5
55.87
2016
41.9
46.8
56.2
60.9
55.1
52
57.3
60.9
57.8
59.1
73.1
80
58.43
2017
80.4
89.4
87.7
70.2
62.4
57.5
67.7
76.1
71.5
61.7
64.2
72.3
71.76
2018
76.3
77.5
70.4
65.8
66.1
65
64.6
67.2
68.4
73.4
73.3
69.2
69.77
2019
76.2
88.2
86.5
93.7
100.2
108.9
120.2
93.1
93.1
88.5
85
92.7
93.86
62% Fe fines, CFR China spot monthly prices, 2020s, $/dmtu
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Average
2020
95.8
87.7
89
84.7
93.7
103.3
108.5
121.1
123.8
119.8
124.4
155.4
108.9
2021
169.6
163.8
168.2
179.8
207.7
214.4
214.1
162.2
124.5
122.9
96.2
117
161.7
2022
132.5
142.8
152.1
151.3
131.2
130.7
108.6
108.9
99.8
92.6
93.3
111.8
121.3
2023
122.2
127.6
128.4
117.4
105.2
113.5
114.4
110.2
121
119
131.1
137.1
120.6
2024
135.8
124.4
109.8
112.8
118.9
107.5
106.9
99.9
92.8
101.4
100.5
102.2
109.4
2025
99.6
105.1
100.1
97.2
97
92.3
97.3
99.7
103.3
103.5
102.5
104.6
100.2
2026
105.5
98.8
104.5
106.1
108.6
100.8
98.2
96.3
102.4
Method
Nominal prices are the source's monthly averages in US dollars, stored in the source's unit and never mixed on one chart. Real prices divide each month by the US consumer price index for all urban consumers (BLS series CPIAUCSL, via FRED) and multiply by the 2024 average, so they read as "2024 dollars". Changes are ratios of monthly averages. The all-time high is the highest monthly average, not an intraday peak.
Cite as: Commodity Origins, "Iron ore price history (1960–2026)", https://commodityorigins.com/prices/iron-ore/, data 2026-09-02. Data updated 6 September 2026.