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Iron ore dips on increased supply; dollar strength caps gains
Iron ore futures prices fell for a third consecutive session on Thursday on rising shipments from Australia and Brazil, although gains were capped by a weakening U.S. dollar. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended morning trade 0.36% lower at 698.5 yuan ($97.51) a metric ton. The benchmark July iron ore on the Singapore Exchange was 0.37% lower at $92.4 a ton, as of 0354 GMT. “Iron ore futures threatened to record a new year-to-date low as robust supplies and lower steel production in China weigh on sentiment,” said ANZ analysts. According to data from ... (full story)
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- Jun 26, 2025 3:22am Posted byFundamental Analysis188
