iron ore prices - Latest news GMK Center

Spot offers exceeded $104/t amid the lifting of restrictions in China, although high inventories and oversupply are weighing on the market

The market balanced between steel production restrictions in China and news of supply from Guinea

September futures on the Dalian Exchange exceed $112/t, while on the Singapore Exchange they exceed $103/t with delivery in August

A large-scale hydropower project and stable production in China supported the iron ore market in July

September futures on the Dalian Exchange reached $102.2/t, the highest since early May

Amid declining demand from China and rising production, iron ore prices will continue to fall until 2027

At the end of June, futures on the Dalian Exchange reached a psychological barrier, while spot prices remained weak

July futures on the Singapore Exchange are under increased pressure, while September offers on the Dalian Exchange remain stable

There are no fundamental factors in the market that could support speculative impulses

Weakening steel demand and a general economic slowdown in China weigh on the market

Despite the positive news, the market remained without clear dynamics

Despite weak demand from China and high production, the market will remain balanced