Iron ore prices decline amid weaker futures, poor downstream demand

Seaborne iron ore prices dipped on Thursday May 26 amid weaker futures and swap prices, caused by limited demand in downstream steel markets, sources told Fastmarkets.

Key drivers
The value of the most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE), ended the day on Thursday down by 2.11% from Wednesday’s settlement price...

Published

Paul Lim

May 26, 2022

11:11 GMT