Iron ore prices in China fell due to unfavorable economic conditions and uncertainty over steel demand. Market analysts also noted a slowdown in production, which they attributed to maintenance at blast furnaces.
According to official data, industrial production in China also stagnated in April. In addition, real estate investments in the country decreased by 10.3% compared to the previous year.
Crude steel production also decreased by 7% in April 2025 compared to the previous month.
On the Dalian Commodity Exchange (DCE), the most traded September iron ore contract DCIOcv1 was decreased by 0.89% at USD 100.15. Coke DJMcv1 was decreased by 2.2% and coke DCJcv1 was decreased by 1.79%.
On the Singapore Exchange, the June iron ore SZZFM5 index decreased by 0.71% to 99.35 USD.
On the Shanghai Futures Exchange, prices were generally bearish, with rebar SRBcv1 and hot rolled coil SHHCcv1 down 1%, wire rod SWRcv1 down 2.77% and stainless steel SHSScv1 down 0.42%.
Iron ore 62% Fe is at USD 122/t CFR Qingdao.
Iron ore stocks at Chinese ports increased by 0.26% on a weekly basis to 137 million tons.
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