12,087.97 TRY BIST 100 BIST 100
43.06 USD USD USD
6.20 CNY CNY CNY
50.16 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
36.95 TRY Interest Interest
62.46 USD Fossil Oil Fossil Oil
5.85 USD Copper Copper
106.83 USD Silver Silver
108.57 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,199.18 TRY Gold (gr) Gold (gr)
108.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Iron ore prices decline amid expectations and Fed comments

Futures iron ore prices have declined due to demand expectations in China and views on potential interest rate cuts by the U.S. Federal Reserve next year.

Iron ore prices decline amid expectations and Fed comments

The May iron ore contract on the Dalian Commodity Exchange (DCE) reached its lowest level in a month at 767.5 yuan/ton ($106) at the start of the session.

The January iron ore contract on the Singapore Exchange fell by 0.43% to $102.25/ton, marking its lowest level at $100.9/ton since November 25.

Some analysts stated, "We have long anticipated this correction, believing that the sentiment-based bubble surrounding China's Central Economic Work Conference will burst without any concrete stimulus measures being indicated until March 2025."

Other analysts noted that comments regarding a lower expectation of interest rate cuts by the Fed next year have had a negative impact on overall commodity markets.

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