9,425.58 TRY BIST 100 BIST 100
38.07 USD USD USD
5.24 CNY CNY CNY
43.29 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
48.69 TRY Interest Interest
66.44 USD Fossil Oil Fossil Oil
39.72 USD Silver Silver
4.60 USD Copper Copper
98.08 USD Iron Ore Iron Ore
352.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,071.20 TRY Gold (gr) Gold (gr)

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.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

House sales in Türkiye on the rise in March

Wednesday, April 16, 2025

Tosyalı to invest TRY 378 Million in solar power plant in Ankara

Tuesday, April 15, 2025

Hoa Phat's crude steel production increased by 25% in Q1 2025

Monday, April 14, 2025

Prime Minister of Japan Ishiba “No compromise, no rush.”

Tuesday, April 15, 2025

Tata Steel, Clecim and ABB Limited join forces on new pickling line

Tuesday, April 15, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now