Iron Ore Prices

29-01-2026 - Over the past month, the price of Iron Ore (Nymex) has seen a slight decrease, moving from $107.08/t to $105.85/t. This modest decline suggests minor fluctuations in market value, likely due to changes in demand or supply dynamics. The forecast for Iron Ore (Nymex) is $105.9/t, which is nearly identical to the current price of $105.85/t, indicating a stable trend with minimal price variation of $0.05/t or 0.0%, suggesting low risk in raw material pricing.

The forecast also highlights a potential downward price impact of -$1.08/t, mainly influenced by Flows data, particularly Seaborne Imports & Exports. While Supply data suggests upward pressure, Demand, Flows, and Technical data point to a decrease in raw material prices. However, recent analyses suggest a potential upward trend in iron ore prices, consistent with the forecast of $105.9/t for the upcoming month. According to a report by IndexBox, iron ore prices have reached their highest levels since February 2025, with futures rising for four consecutive days, surpassing $108/t in Singapore. This increase is attributed to the People's Bank of China's commitment to flexible and efficient policy tools, including possible interest rate cuts, and increased restocking ahead of the Lunar New Year. Analysts note that while supply remains robust, seasonal weather could disrupt production, potentially driving prices higher. This analysis supports the forecasted upward trend in iron ore prices.