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Metals: Iron ore falls

23/07/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Plagued by the continued weakness of the Chinese real estate sector, which overshadowed support for the government's recent stimulus and infrastructure plans, iron ore futures fell on Wednesday.

Iron ore futures fell on Wednesday, hampered by continued weakness in the Chinese real estate sector, which overshadowed support for recent government stimulus and infrastructure plans. The most traded iron ore contract in September on the Chinese commodity exchange in Dalian (DCE) fell by 0.49% to 813 yuan ($113.49) per metric ton, at 03:11 GMT

.

The August reference price of iron ore on the Singapore Stock Exchange was down 0.61% to $104.7 per ton.

Other steel-making ingredients on DCE jumped, with coking coal and coke up 9.24% and 2.22% respectively.

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