iron ore prices

Probably, the prices of raw materials have reached a peak value

The Chinese steel producer called for a joint cooling of speculation on the raw material market

Price growth slows amid challenges in China's real estate market, and futures trading limits adjusted

Commodity prices are rising amid market concerns about sufficient supply and economic recovery

This is supported by optimism in the Chinese market amid economic incentives and favorable fundamentals

Concerns about possible steel production cuts in 2023 are dampening the impact of economic stimulus

The pace of work of plants may encourage them to replenish raw material stocks

The real situation in the country's steel sector does not correspond to the trend in the iron ore market

Further positive dynamics are at risk due to the potential deterioration of the Chinese economy

During September 22-29, iron ore futures on the Dalian Commodity Exchange fell to $116.64/t, and on the Singapore Exchange – to $120.77/t

During September 15-22, iron ore futures on the Dalian Commodity Exchange fell to $119.4/t, and on the Singapore Exchange – to $121.2/t

According to the department, iron ore prices will be at the level of $117/t, and in 2025 they will decrease to $105/t by the end of 2023