Seaborne iron ore prices track uptrend in financial markets; downstream demand remains soft

Seaborne iron ore prices rose on Wednesday May 25, tracking the upward momentum in iron ore futures contracts on the Dalian Commodity Exchange (DCE) and front-month swaps contracts on the Singapore Exchange (SGX), market sources told Fastmarkets.

Key drivers

The most-traded September iron ore futures contract on the DCE fluctuated but generally moved upward on Wednesday, ending the day up by 2.6% from Tuesday’s closing price of...

Published

Alex Theo

May 25, 2022

11:25 GMT

Singapore