Iron (SGX) Prices

08-12-2025 - Over the past month, the price of iron ore on the SGX has experienced a modest increase, moving from $104.81/t to $106.05/t. This upward trend suggests a slight strengthening in the raw material market, potentially due to shifts in demand or supply dynamics. The forecast predicts that the price of Iron Ore (SGX) will rise to $109.92/t, an increase of $3.87/t or 3.6% from the current price of $106.05/t, indicating a generally upward trend. However, market volatility remains a risk to this forecast.

The current forecast highlights upward price pressure on raw materials driven by supply, demand, and technical data, with production activity playing a significant role. This is somewhat counterbalanced by downward pressure from factors such as exchange rates and seaborne imports and exports. Despite the forecast's optimistic outlook, recent analyses present a bearish view for the SGX Iron Ore market in the coming month. For example, ING's December 8, 2025, report points to a challenging fundamental backdrop for iron ore as 2026 approaches, citing reduced demand from China's traditional growth engines and an increase in seaborne supply. This analysis suggests a contrary opinion from external sources regarding the anticipated price direction.