Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Iron Ore Set for Seventh Straight Weekly Loss as Market Softens
Business & Finance

Iron Ore Set for Seventh Straight Weekly Loss as Market Softens

Iron Ore Set for Seventh Straight Weekly Loss as Market Softens
Bloomberg Markets Friday 26 June 2026, 02:41 UTC By Katharine Gemmell 1 min read
Key Points

Commodities Iron Ore Set for Seventh Straight Weekly Loss as Market Softens Iron ore headed for a seventh weekly loss — the worst run since 2022 — as demand weakened seasonally and mill margins narrowed. Futures for the steelmaking ingredient fell to $96.95 a ton in Singapore on Friday, the lowest intraday level since February. For the week, prices have declined 1.5%, with contracts on track for a second monthly drop.

Commodities Iron Ore Set for Seventh Straight Weekly Loss as Market Softens Iron ore headed for a seventh weekly loss — the worst run since 2022 — as demand weakened seasonally and mill margins narrowed. Futures for the steelmaking ingredient fell to $96.95 a ton in Singapore on Friday, the lowest intraday level since February. For the week, prices have declined 1.5%, with contracts on track for a second monthly drop.
Iron Ore Set (ORG) Market Softens Commodities Iron Ore Set (ORG) Market Softens Iron (ORG) Singapore (LOCATION)
Originally published by Bloomberg Markets Read original →

Related Stories

Japan’s women-only carriages turn 25

Every Friday Lunar By submitting, you consent to receiving marketing emails from SCMP. If you don't want these, tick here By registering, you agree to ourT&CandPrivacy Policy Lunar By submitting, you consent to receiving marketing emails from SCMP. If you don't want these, tick here By registering, you agree to ourT&CandPrivacy Policy Select Voice Select Speed 1.00x

South China Morning Post just now

Luigi Mangione’s lawyers have discussed a plea deal over healthcare exec’s murder: report

Luigi Mangione’s lawyers have discussed a plea deal over healthcare exec’s murder: report Defense attorneys recently abandoned plans to argue that the 28-year-old suffered from an extreme emotional disturbance at the time of the shooting - Bookmark Federal prosecutors and lawyers for Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson, engaged in plea deal discussions ahead of a recent court appearance, according to a report. Sources stated that although an...

The Independent World 28m ago

China’s Collapsing Crude Oil Imports to Fall Further in June

China’s Collapsing Crude Oil Imports to Fall Further in June The world’s top crude oil importer is set to take even fewer barrels this month, extending its exceptionally subdued appetite since the start of the Iran war. China’s seaborne crude imports will average about 6.4 million barrels a day in June, according to preliminary data from market intelligence firm Kpler.

Bloomberg Markets 32m ago

Aluminum Heads for Fourth Weekly Drop on Mideast Supply Return

Commodities Aluminum Heads for Fourth Weekly Drop on Mideast Supply Return Aluminum headed for a fourth weekly decline, the longest losing streak since April 2025, as a renewed selloff in Asian tech stocks added to pressure from a stronger US dollar and returning Middle East supplies. The light metal was on track to lose around 7% for the week, as the interim US-Iran peace deal fueled expectations of renewed shipments from a region that accounts for nearly a 10th of global production. The...

Bloomberg Markets 36m ago