Iron Ore Futures Decline Sharply Amid Global Trade War Escalation

Published: Feb 13, 2025 17:18

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Today, iron ore futures fluctuated downward, with a sharp drop at the close. The most-traded I2505 contract finally settled at 808 yuan/mt, down 1.52% for the day. Traders showed a relatively weaker enthusiasm for selling, while steel mills purchased as needed. Market activity was moderate, with average transactions. Transaction prices fell by 10-15 yuan/mt compared to yesterday. Today, the global trade war escalated, leading to a decline in prices across various ferrous products. Considering that the short-term industrial fundamentals show a relatively small imbalance, the negative feedback drive remains weak. Coupled with supply-side disruptions, the short-term downward resistance for ore prices is significant, and prices may hover at highs in the near term.

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