Iron Ore Price Outlook
Iron ore prices continued to recover losses in recent weeks, largely amid expectations of looser output curbs from top-consumer China once the country’s winter Olympics end. On 14 January, the benchmark iron ore 62% Fe import price including freight and insurance at the Chinese port of Tianjin traded at USD 130.0 per metric ton (mt), which was 12.6% higher than on the same day last month. Meanwhile, the price was up 6.1% on a year-to-date basis but it was 24.6% lower than on the same day last year. Following several months—roughly between July and November 2021—of protracted losses, prices for the steel-making commodity continued to gain ground over the past month, amid rising hopes of stronger Chinese demand ahead. With the end-date of the country’s winter Olympics—which prompted China to introduce tight steel output restrictions to improve its air quality—coming closer, investors have adopted a more bullish stance, amid hopes of stronger activity at steel mills and renewed stockpiling efforts ahead of the Chinese New Year. However, already-high levels of inventories and a downbeat property sector in China likely capped the rise.Iron Ore Price History Data (USD per metric ton, aop)
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Iron Ore | 55.82 | 58.61 | 71.77 | 69.67 | 93.88 |
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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Iron Ore Historical Price Chart
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Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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