iron ore prices - Latest news GMK Center

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

Last week, quotations began to decline, ending a long uptrend

Estimates were raised amid expectations of increased demand in China

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