Quick Conversions
Iron Ore Reference Rate — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
Two Exchanges, Two Different Vantage Points
Iron ore's futures market splits cleanly between two venues that reflect two different parts of the world. The Singapore Exchange (SGX) lists dollar-denominated iron ore derivatives used heavily by international traders and miners for hedging. The Dalian Commodity Exchange in China runs a yuan-denominated contract that's one of the most actively traded commodity futures anywhere by volume. Today's iron ore reference rate is ₹0.01 per gram on September 17, 2026.
- SGX: dollar-denominated, international hedging and price discovery
- Dalian: yuan-denominated, reflects Chinese domestic demand and sentiment
- Shared benchmark: both reference the 62% Fe fines standard
Iron Ore Reference Rate by Weight
Today's Iron Ore rate is Less than One Rupees per gram. At this rate, 10 grams of Iron Ore costs Less than One Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹0.01 | Less than One Rupees |
| 8 Grams | 8.0000 g | ₹0.07 | Less than One Rupees |
| 10 Grams | 10.0000 g | ₹0.09 | Less than One Rupees |
| 100 Grams | 100.0000 g | ₹0.85 | One Rupees |
| 1 Kilogram | 1,000.0000 g | ₹8.53 | Nine Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹0.24 | Less than One Rupees |
| 1 Troy Ounce | 31.1035 g | ₹0.27 | Less than One Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹8,533.00 | Eight Thousand Five Hundred and Thirty Three Rupees |
Why China's Domestic Contract Carries So Much Weight
China buys the majority of the world's seaborne iron ore to feed its steel industry, which is exactly why the Dalian contract's trading volume and price action get watched so closely outside China too — it's often described as a leading signal for Chinese steel-mill sentiment and restocking behavior, sometimes moving ahead of the more internationally-oriented SGX market.
Reading both together beats reading either alone
SGX captures how international miners, traders and institutional hedgers see the market; Dalian captures Chinese domestic sentiment, which sometimes runs more speculative given its large retail trading base. A trader or analyst watching only one of the two gets an incomplete picture — divergence between the two markets is itself a signal worth noticing.
| Feature | SGX | Dalian |
|---|---|---|
| Currency | US Dollar | Chinese Yuan |
| Primary participants | International miners, traders, hedgers | Chinese domestic traders, mills |
| Character | International price discovery | High volume, domestic sentiment |
Iron Ore Reference Rate — Last 10 Days
The most recent Iron Ore price on record (2026-09-17) is Less than One Rupees per gram.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-17 | ₹0.01 | +0.00 |
| 2026-09-16 | ₹0.01 | 0.00 |
| 2026-09-15 | ₹0.01 | 0.00 |
| 2026-09-14 | ₹0.01 | +0.00 |
| 2026-09-13 | ₹0.01 | +0.00 |
| 2026-09-12 | ₹0.01 | 0.00 |
| 2026-09-11 | ₹0.01 | 0.00 |
| 2026-09-10 | ₹0.01 | 0.00 |
| 2026-09-09 | ₹0.01 | +0.00 |
| 2026-09-08 | ₹0.01 | — |
What This Means for Reading Iron Ore's Daily Moves
A genuine iron ore price move usually shows up in both markets, even if the timing and magnitude differ slightly given their different participant bases and trading hours. A move confined to just one of the two is worth treating with more caution than one confirmed across both — a useful filter for anyone trying to separate real market shifts from noise in either exchange alone.
The comparison table and 10-day history above track this site's own reference rate. For a longer view, the site's own iron ore price history page holds real recorded data by year and month.
Iron Ore Futures — Common Questions
The Singapore Exchange (SGX) lists dollar-denominated iron ore derivatives that are widely used internationally for hedging and price discovery — settled against the 62% Fe fines benchmark that dominates global seaborne iron ore trade.
The Dalian Commodity Exchange in China lists a yuan-denominated iron ore futures contract, one of the most actively traded commodity futures in the world by volume, reflecting China's position as the dominant buyer of seaborne iron ore.
SGX reflects international, dollar-based hedging and trading activity, while Dalian reflects the domestic Chinese market's own supply-demand expectations and, often, more speculative retail trading activity. Reading both together gives a fuller picture than either alone.
They generally track the same underlying commodity and often move in the same direction, but currency effects, differing trading hours, and different participant bases (international institutions on SGX, a mix including domestic Chinese speculation on Dalian) mean they don't always move by identical amounts.
No — today's reference of ₹0.01 per gram on September 17, 2026 is this site's own independent INR tracking benchmark, informed by the broader global iron ore market that both SGX and Dalian help price, not a direct feed from either exchange.
