Why are Iron Ore Prices so high?
23-10-2025 - Iron Ore (Nymex) prices remained relatively stable over the past month, with a slight increase of 0.1% from $105.49/t on September 22nd to $105.55/t on October 22nd. The price ranged between a low of $104.02/t on October 1st and a high of $106.53/t on October 13th.
Our one month forecast for Iron Ore (Nymex) is $106.67 / t, up by $1.12 / t or 1.1% from the latest price. Our analysis suggests a balanced market risk around this forecast.
Our current forecast is influenced most significantly by Technical data, with a price impact of $1.96 per tonne. Among Technical data, Trend Following signals contribute positively with $1.64, while Calendar Effects have a negative impact of -$0.55. However, there is disagreement among the data types. Supply and Technical data suggest upward price pressure, while Demand and Flows data indicate the opposite trend. Specifically, Demand data from the Global Economy family has a negative impact of -$0.54, and Flows data related to Exchange Rates and Seaborne Imports & Exports has a significant negative impact of -$1.93 per tonne.
Our one month forecast for Iron Ore (Nymex) is $106.67 / t, up by $1.12 / t or 1.1% from the latest price. Our analysis suggests a balanced market risk around this forecast.
Our current forecast is influenced most significantly by Technical data, with a price impact of $1.96 per tonne. Among Technical data, Trend Following signals contribute positively with $1.64, while Calendar Effects have a negative impact of -$0.55. However, there is disagreement among the data types. Supply and Technical data suggest upward price pressure, while Demand and Flows data indicate the opposite trend. Specifically, Demand data from the Global Economy family has a negative impact of -$0.54, and Flows data related to Exchange Rates and Seaborne Imports & Exports has a significant negative impact of -$1.93 per tonne.
What is the current / spot price of Iron Ore?
Iron Ore Price Today
October 23, 2025
Current Price
105.27
$/t
What is the forecast for the price of Iron Ore?
Iron Ore Price Forecast
October 23, 2025
1 Month Forecast
106.67
$/t
1 Year Forecast
112.63
$/t
What are the short-term drivers of Iron Ore prices?
What are the long-term drivers of Iron Ore prices?
Over the 1 Month horizon the outlook is bullish due to drivers such as: - Short term price trends - The shape of the futures curve (adjusted for the risk free rate and price volatility) - Iron Ore exports from Canada Br(None) The top contrary drivers for the 1 Month horizon are: - Coal imports to Viet Nam - The shape of the futures curve
Over the 1 Year horizon the outlook is bullish due to drivers such as: - Movements in the Chinese Yuan - Short term price trends - Steel exports from Poland Br(None) The top contrary drivers for the 1 Year horizon are: - Long term price trends - EWMA-based technical analysis
Will the price of Iron Ore go up?
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