Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Iron Ore Heads for Lowest Month-End Close Since October 2022
Business & Finance

Iron Ore Heads for Lowest Month-End Close Since October 2022

Bloomberg Markets Friday 30 October 2026, 04:13 UTC By Katharine Gemmell 1 min read
Key Points

Commodities Iron Ore Heads for Lowest Month-End Close Since October 2022 Iron ore futures in Singapore headed for the lowest month-end close in four years, as ample global supplies and elevated Chinese port stockpiles curbed demand. The steelmaking staple slipped to near $91 a ton on Friday, having lost more than 2% so far in October – the seventh month this year where futures have posted a decline. A brief recovery in August aside, prices have been on a downward trend since peaking in May...

Commodities Iron Ore Heads for Lowest Month-End Close Since October 2022 Iron ore futures in Singapore headed for the lowest month-end close in four years, as ample global supplies and elevated Chinese port stockpiles curbed demand. The steelmaking staple slipped to near $91 a ton on Friday, having lost more than 2% so far in October – the seventh month this year where futures have posted a decline. A brief recovery in August aside, prices have been on a downward trend since peaking in May at $111.60.
Singapore (LOCATION) Chinese (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Gherkins galore! 17 delicious ways to enjoy pickles – from frickles to pickletinis

One of the UK budget’s big surprises? A discount on gherkins. And while they’ll always be good on a burger, there are many more unusual ways to indulge, from fried cheese treats to savoury ice-creamIn John Healey’s first budget as chancellor this week, he announced that he will remove import tariffs on more than 100 products – including, crucially, gherkins.

The Guardian UK 18m ago

Britain Tests the Limits With Plan to Tax Its Way Out of Debt

Britain Tests the Limits With Plan to Tax Its Way Out of Debt Britain was singled out for praise by the International Monetary Fund this month for the boldest deficit-reduction plan of any Group of Seven nation. Bolder still is its decision to deliver the whole squeeze with higher taxes, with economists warning that Chancellor of the Exchequer John Healey is pushing the boundaries of what’s possible. Over the five years of the current parliamentary term, the government plans to reduce...

Bloomberg Markets 19m ago

China’s optical suppliers extend sell-off as fears of slower AI growth trump upbeat earnings

Shares of major Chinese optical communications suppliers slumped on Friday before clawing back some of their losses, extending a two-day sell-off despite upbeat third-quarter earnings driven by the global artificial intelligence infrastructure boom. During morning trading in Shenzhen, Chengdu-based Eoptolink Technology dropped as much as 15 per cent, while Suzhou TFC Communication slid 10.3 per cent and industry leader Zhongji Innolight fell over 7 per cent. By the midday break, the trio had...

South China Morning Post 51m ago

Germany news: Friedrich Merz calls for global free trade alliance during Asia trip

Germany news: Merz calls for global free trade alliance in Asia October 30, 2026What you need to know - Chancellor Friedrich Merz is ending his multi-day trip to Asia - President Frank-Walter Steinmeier is set to meet with Chinese President Xi Jinping Here are the leading headlines from Germany on Friday, October 30: Merz pushes for new free trade network Chancellor Merz has again called for a global network of countries with a commitment to free trade based on international rules. His...

Deutsche Welle 54m ago