Macro Finance
Iron Ore Heads for Lowest Month-End Close Since October 2022
Bloomberg Markets·October 30, 2026·1 min read
Iron ore futures in Singapore are heading for their lowest month-end close since October 2022, marking a four-year low. Ample global supplies and elevated Chinese port stockpiles are curbing demand, pressuring prices. The decline reflects persistent oversupply in the market as buyers remain cautious amid weak steel demand.
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