Iron Ore 62% Fe Price — Daily Settlement
Settlement for Fri, Oct 23, 2026 · change vs the previous settlement
Source: CME TIO futures daily settlement via Yahoo Finance (delayed). Latest settlement: Fri, Oct 23, 2026. This is the exchange futures settlement, not the underlying price-assessment index.
Iron Ore Daily Settlement Chart
Each candle is one daily settlement price, so its open, high, low and close are the same value. No intraday prices are published for this contract, so there is no 1D or 5D view. The series is a continuous front-month contract that moves to the next month at every month start; the step at a month boundary is that roll, not a one-day price move.
Period returns — 1D is the latest settlement against the previous one; 1W–1Y are computed from real daily settlement history. Each window is shown only when its data is available. This series moves to the next monthly contract at every month start (latest Oct 1, 2026), so windows reaching back before that are not shown: they would compare different contract months.
Key Statistics
Continuous front-month futures series: this range spans contract rolls (latest Oct 1, 2026), so it mixes contract months.
Technical Summary
Technicals hidden across a contract roll
This continuous futures series moves to the next monthly contract at the start of every month (latest roll Oct 1, 2026), so every 200-day indicator window spans several contracts. RSI, SMA and MACD computed across those rolls would mix contract months, so they are hidden.
About Iron Ore
Iron ore is the raw material for most of the world's steel, and its benchmark price is quoted for fines with 62% iron content (62% Fe) delivered to China on a cost-and-freight basis (CFR China), because China is by far the largest buyer of seaborne ore. This page shows the daily settlement of the CME Group futures contract on that benchmark (ticker TIO, cash-settled against the 62% Fe CFR China index originally published by The Steel Index, TSI), in US dollars per dry metric tonne. "Dry" means the price is for the ore's weight with its moisture excluded.
The contract publishes one settlement price per trading day and our data source carries no intraday trades for it, so the page has no live tick, no day's high and low and no intraday chart: every figure is a dated settlement. Each TIO contract settles on the average of the index over its contract month, and the series shown here is a continuous front-month contract that moves to the next month at the start of every month. The step that often appears on the first trading day of a month is that roll, not a one-day price move, which is why returns and indicators that would span a roll are not shown.
Demand is driven by Chinese steel output, which in turn follows property construction, infrastructure spending and steel exports, so Chinese activity data, policy support for the property sector and steel-production curbs move the price. Supply is concentrated in Australia and Brazil, where weather, cyclone season at the Western Australian export ports, mine disruptions and shipping rates matter, alongside the level of ore stockpiled at Chinese ports. Iron ore futures are also listed in Singapore (SGX, on the same 62% Fe CFR China benchmark) and in Dalian (DCE, priced in yuan); both trade far more actively than TIO but are separate contracts and are not shown on this page.
Iron Ore futures settled at 90.83 on Fri, Oct 23, 2026, a change of +0.10 (+0.11%) versus the previous settlement of 90.73. The contract publishes one settlement a day, so there is no intraday price or day's range.
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Iron Ore — frequently asked questions
What is the iron ore price on this page?
It is the latest daily settlement of the CME Group iron ore 62% Fe CFR China futures contract (ticker TIO), in US dollars per dry metric tonne, shown with the trading date it belongs to. The contract publishes one settlement a day, so there is no live intraday price. If the latest settlement cannot be loaded, the page says the data is temporarily unavailable rather than showing an older figure.
What does 62% Fe CFR China mean?
62% Fe is the iron content of the benchmark ore grade: 62 per cent of the ore's dry weight is iron. CFR China (cost and freight) means the price includes delivery by sea to a Chinese port. Ore with a higher or lower iron content, or with more impurities, trades at a premium or discount to this benchmark.
Why does the iron ore price often jump at the start of a month?
Each TIO contract settles on the average of the index over its own month, and the continuous series shown here switches to the next month's contract at every month start. The gap between the expiring month and the new one appears as a step on the first trading day of the month. It is a change of contract, not a one-day move, so returns and technical indicators that would compare prices across a roll are not shown on this page.
What moves the iron ore price?
Chinese steel production is the main driver, so Chinese property and infrastructure activity, steel-output policy and steel exports all matter. On the supply side, traders watch shipments from Australia and Brazil, weather and cyclone disruptions at export ports, mine outages, freight rates and the level of iron ore stockpiled at Chinese ports. A stronger US dollar can also weigh on a price quoted in dollars.
What is a dry metric tonne?
A dry metric tonne is 1,000 kilograms of ore measured with its moisture content excluded. Iron ore is shipped wet, and quoting the price per dry tonne means buyers pay for the ore itself rather than for the water it carries.
What does the Iron Ore 52-week range show?
The 52-week range is the lowest low and the highest high Iron Ore printed across the past 52 weeks of daily bars, so it shows where the current price sits relative to that year's extremes. Computed from FXMARE's daily price history, the current 52-week range is 90.57 – 111.42.