Iron ore prices continue to fall, but is it really time to panic …
Iron ore prices will also fall from their stratospheric levels in recent years. This is not only because China's trend rate of growth will slow, but also because additional supply will come on ...
Iron Ore Futures | Everything You Need to Know
Iron ore futures price action. Iron ore prices have continued to fall in 2022 amid weakening demand outlook from top consumer China. The benchmark 62% iron ore futures chart sourced from the COMEX showed prices have slumped about 34% year-to-date to trade below $80 per tonne, as of 1 November 2022.
CRU: Iron ore at US$140/dmt – what's driving the fall?
So, what is driving this recent sharp fall in iron ore prices? Chinese demand for spot volumes has vanished. To understand why iron ore prices are falling hard, turn to the demand side. China accounts for approximately 75% of seaborne iron ore demand due to the country's high proportion of steel produced through the BF-BOF route.
3 reasons why iron ore is falling, and why it could slash BHP's …
Iron prices are falling again and it's having a negative impact on key ASX iron ore shares. It will impact BHP's dividend too, thinks UBS.
Iron ore prices likely to rebound on support from non …
Iron ore prices will likely rebound over the next couple of months to 2024 despite their recent decline from a 5-month high of $122.2 a tonne in mid-September as the commodity has exhibited ...
Big miners are steeled against falling iron ore | Reuters
Iron ore fell almost 20% last week to $103 a tonne and is down by more than half over the past two months. In futures trading in Singapore on Monday the price fell to as low as $90 a tonne.
Rio Tinto: Improved Conditions Can Augur Well (Rating …
Summary. Much has changed for the miner Rio Tinto's stock in the past quarter, making it attractive again. It saw a significant earnings uptick in H2 2023 on improved iron ore prices and with ...
Here's the iron ore price forecast through to 2027
This weakness continued overnight and saw the benchmark iron ore price fall a further 3.6% to US$105.35 a tonne. This is down materially from around US$140 a tonne at the end …
3 reasons why iron ore is falling, and why it could slash …
3 reasons why the iron ore price is falling. Reason 1: China port inventories are increasing and are at an elevated level ... Iron ore prices are slumping again after turning the corner in early ...
GRAPHIC-Bearish demand expectations challenge iron ore's price …
Iron ore prices, long resilient despite China's gloomy economic outlook, have tumbled since the end of the Lunar New Year holiday, sparking concerns around faltering demand and denting mining ...
Iron Ore Price Forecast | Is Iron Ore a Good Investment?
Long-term iron ore price forecast. According to Australia's OCE, iron ore prices were expected to fall toward lower longer-run levels beginning in 2024, owing to modest growth in blast furnace steelmaking as the world shifts toward lower emissions. The agency saw iron ore prices dropping to $69/tonne over 2024 from an estimated $82 in 2023.
Iron ore dragged down by falling steel prices | Nasdaq
The benchmark July iron ore contract SZZFN3 on the Singapore Exchange edged down 0.05% to $113.45 a metric ton, as of 0701 GMT, after rising by more than 4% in the previous week. "The elasticity ...
Why Crude Oil And Iron Ore Will Continue To Fall In Price In …
And: Ore with 62 percent content delivered to Qingdao, China, plunged 50 percent this year to $66.84 on Dec. 23, the lowest in more than five years, according to Metal Bulletin Ltd., and the raw ...
Industrial Metals Monthly: Why Copper And Iron Ore Prices …
Prices of copper and iron ore diverging quickly with copper prices surging above $9,000/t, while iron ore is trading closer to the $100/t level. China's concerns over the ongoing property crisis ...
Reprieve in fall of iron ore price is only temporary
A sharp rise in the price of iron ore in the last few days is set to prove temporary, with forecasters still expecting the price to decline during 2021 as the market enters a seasonally strong ...
Iron ore dragged down by falling steel prices | Nasdaq
Dalian and Singapore iron ore futures fell on Monday after last week's gains, weighed down by softening steel prices due to sluggish demand and increasing supply.
Iron ore price 'unreasonable', says China steel boss Guo Bin
The moves in iron ore extended a rout among commodities and related stocks on US markets overnight on Tuesday. BHP and Rio Tinto were both down more than 2 per cent in New York trading and charted ...
Iron Ore Price Caves But Miners Remain Hugely Profitable, For Now
Even with the price falling iron ore will dominate the company's profits for the next few years thanks to low production costs. On the Australian stock market earlier today, BHP shares held up ...
Why nothing is stopping the crushing slide in iron ore
Iron ore prices are falling hard again this week. This is a gathering storm for Australia. Chris Richardson of Deloitte Access Economics estimates that price slide could strip a further $3 billion in revenue from the federal budget. And then there are the potential impacts on small and medium-sized iron ore producers who have production costs ...
Why is the price of iron ore falling?
The price of iron explains the movements in the share price of big established majors like BHP and RIO over time. This makes sense; whilst BHP and RIO come across as "diversified miners" with exposures to nickel and potash and alumina, bauxite and copper, the reality is that iron ore makes up the vast majority of the profits.
Iron ore $20 is coming
Rebar futures fell again yesterday: I see no reason why they should stabilise yet. If domestic steel demand is weak, cheaper prices will be needed to increase export volumes. Iron ore continues to ...
Iron ore price drop is a disaster for Australian economy, …
The second major input into falling iron ore prices is strong supply. All major miners reported strong production through Q1 and we are now coming out of cyclone season so strong shipments will ...
Iron ore prices: Why is the price of iron ore falling and will …
Prices peaked at record highs of $233 on May 12, but since then the price has dropped roughly more than half, to $110 last Friday. Yesterday it dropped under $100, slumping to $94, before ...
Here's the iron ore price forecast through to 2027
This weakness continued overnight and saw the benchmark iron ore price fall a further 3.6% to US$105.35 a tonne. This is down materially from around US$140 a tonne at the end of 2023, and has been ...
Iron ore price to fall 27% by end of 2022: CBA
CBA forecasts iron ore prices will fall to US$120 per tonne by the end of September and finish 2022 trading for US$100 per tonne. Gazing further ahead, CBA analysts see a further 20% slide the ...
Iron ore price dips as falling China demand, high shipments …
Meanwhile, global iron ore shipments climbed 8.4% week-on-week to about 33.27 million tons in the May 20-26 period, data from consultancy Mysteel showed, further weighing on prices.
Here's Goldman Sachs' latest forecast for the iron ore price
The iron ore price dipped again overnight, with futures falling 1.1% to US$99.90 per tonne. That looks to be throwing up some headwinds for the S&P/ASX …
Iron Price Forecast: Top Trends That Will Affect Iron in 2024
Iron ore prices hit US$128 per metric ton (MT) in March, but then fell as low as US$105 in May as concerns about a global economic recession dampened the …
Here's the iron ore price forecast through to 2026
For example, it expects global iron ore demand to grow 0.2% in 2023, remain flat in 2024, and then fall 1.1% in 2025. At the same time, it forecasts iron ore supply to increase by 1.1% in 2023, 2. ...