iron ore prices - Latest news GMK Center

As of January 12, quotations on the Dalian Exchange reached $117.92/t, and on the Singapore Exchange – $109.2/t

The main reasons are prolonged stagnation in steel demand in China and the launch of the large-scale Simandou project in Guinea

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