Iron (SGX) Prices

14-04-2026 - Over the past month, the price of Iron Ore on the Singapore Exchange (SGX) has seen a slight decrease, moving from $106.72/t to $105.33/t. This modest drop reflects minor fluctuations in the market value of this raw material, likely due to changes in demand or supply dynamics. The forecast predicts a price of $107.26/t, which is an increase of $1.93/t or 1.8% from the current price of $105.33/t. This suggests a generally stable trend with minimal risk, as the price change is relatively small.

The current forecast indicates upward price pressure on raw materials, influenced by data on Seaborne Imports & Exports and Exchange Rates. However, this is balanced by Technical data suggesting downward pressure, highlighting a lack of consensus among different data types.

Recent market data shows a rebound in iron ore futures, with the most-traded September contract on China's Dalian Commodity Exchange rising by 1.26% to 763.5 yuan (approximately $111.75) per metric ton. Similarly, the benchmark May iron ore on the Singapore Exchange increased by 1.08% to $104.6/t as of April 14, 2026. This upward movement is attributed to rising oil prices and increased feedstock demand, which have supported the iron ore market. This recent price increase aligns with the forecast of $107.26/t for the upcoming month, suggesting that the market may continue to experience upward momentum in the near term.