iron ore prices - Latest news GMK Center

The state trader also established an international trading company

Offers fell by 0.9% on the Dalian Exchange and by 2.3% – on the Singapore Exchange

The agency expects $100/t in 2025 and $90/t in 2026 amid stable global demand

Rising production costs and depletion of deposits are shaping a new market structure, despite the emergence of Simandou

By the end of the month, quotation levels had recovered, but fluctuations were significant

Prices for this raw material in China are currently supported by low short-term stocks

Pessimism prevails in the market, although there are signs of stabilization

Simandou's readiness for first shipments has created expectations of increased supply

The recovery observed in the third quarter may come to an end

The market for these raw materials has remained tense in recent months

Demand in China supports the market, but geopolitical factors are holding back ore price growth

January quotes on the Dalian Commodity Exchange rose by 2.7%, while September contracts on the Singapore Exchange rose by 2%