iron ore prices - Latest news GMK Center

The global maritime market will remain in deficit in 2024-2025

The recovery of prices depends on the growth of construction activity in China and the need to replenish stocks

In 2025, quotations will decrease to $85-96/t

In this way, the country seeks to fight price anomalies in the domestic market

Iron ore supply on the market exceeds demand

The price for iron ore is expected to reach $105/t this year

As of March 13, iron ore quotations on the Dalian Exchange amounted to $112.29/t, and on the Singapore Exchange – $103.45/t.

In December, raw material quotations probably reached peak values

Quotations of raw materials on the Dalian Commodity Exchange fell to $136.4/t, and on the Singapore Exchange – to $134.1/t

On the Singapore Exchange, January iron ore futures as of December 27, 2023, are $140.2/t

Steel plants have slowed down purchases of raw materials amid negative expectations of economic stimulation in China

The price for this raw material is expected to reach $118/t in 2023