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Iron ore slips as mill maintenance, rising China port stocks weigh
Iron ore futures prices eased on Tuesday, weighed by steel mills undergoing annual furnace maintenance and rising Chinese port inventories. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 0.64% lower at 775.5 yuan ($110.30) a metric ton, as of 0258 GMT. The benchmark January iron ore on the Singapore Exchange was 0.49% lower at $104.25 a ton. Steel mills currently have blast furnace annual maintenance plans, leading to a wider decline in pig iron production, while port inventories continue to accumulate, indicating a marginal weakening of fundamentals, said Chinese broker ... (full story)
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- Dec 23, 2025 4:05am Posted byFundamental Analysis220
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