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Iron ore extends decline on rise in supplies, off-season demand woes
Iron ore futures prices fell for a second straight session on Wednesday, as increased shipments from Australia and Brazil, and slowing seasonal demand from top consumer China weighed on sentiment. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended morning trade 0.85% lower at 699.5 yuan ($97.58) a metric ton. The benchmark July iron ore on the Singapore Exchange was 0.46% lower at $92.55 a ton, as of 0349 GMT. The total volume of iron ore shipments from top suppliers Australia and Brazil increased to 30.1 million tons from June 16-22, reaching a year high, said Chinese ... (full story)
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- Jun 25, 2025 1:21am Posted byFundamental Analysis216
