Iron (SGX) Prices

05-02-2026 - Over the past month, the price of iron ore on the Singapore Exchange (SGX) has decreased from $106.64 per ton to $100.9 per ton. This decline suggests a downward trend in the raw material market, possibly due to changes in demand or supply dynamics. The forecast for iron ore on the SGX is $100.71 per ton, a slight decrease of $0.19 per ton or -0.2% from the current price of $100.9 per ton. This indicates a generally stable price trend with minimal risk of significant fluctuations in the raw material market.

The current forecast presents mixed signals. Data on seaborne imports and exports suggest a potential price drop of $1.91 per ton, while demand and supply data indicate upward pressure. Overall, flows and technical data suggest a possible decrease in raw material prices. Recent analyses support this outlook, predicting a decline in iron ore prices in the coming months, consistent with the forecasted decrease to $100.71 per ton. According to the Investing News Network, experts expect iron ore prices to fall below $100 per metric ton in the second half of 2026, with the development of the Simandou mine being a key factor. This projection aligns with the anticipated downward trend in the SGX Iron Ore market.