https://www.miningweekly.com
China|Guinea|Dalian Commodity Exchange|Shanghai Futures Exchange|Simandou|Singapore Exchange|Coking Coal|Steel|Iron Ore
|||
china|guinea|dalian-commodity-exchange|shanghai-futures-exchange|simandou|singapore-exchange|coking-coal|steel|iron-ore

Iron-ore slips to two-year low on concerns over weak demand, hiking supply

15th October 2026

By: Reuters

  

Font size: - +

Iron-ore prices slipped for a third straight session on Thursday to their lowest level in more than two years, weighed down by persistent concerns over weak demand in top consumer China and prospects of growing supply of the key steelmaking ingredient.

The most-traded iron-ore contract on China's Dalian Commodity Exchange (DCE) fell by 0.82% to 669 yuan ($99.95) a ton, as of 01:47 GMT, its lowest since September 24, 2024.

The benchmark November iron-ore on the Singapore Exchange was down 0.66% at $89.85 a ton, as of 01:37 GMT, its weakest since September 24, 2024.

Downstream steel demand weakened in peak season while iron ore supply from the Simandou project in Guinea is expected to ramp up, analysts at broker Zhengxin Futures said in a note.

That, coupled with falling freight rates, implied potentially further downside room for futures ore prices, they added.

China's iron-ore imports in the first nine months of 2026 rose 4.1% from a year ago to total 954.97-million tons, keeping the annual imports this year on track for a record high.

Coking coal and coke, other steelmaking ingredients, slid 3.67% and 2.62%, respectively.

Steel benchmarks on the Shanghai Futures Exchange also weakened. Rebar dipped 0.59%, hot-rolled coil lost 0.43% and stainless steel dropped 2.26%.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest Multimedia

Resources Watch
Resources Watch
14th October 2026

Showroom

MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 
ECG Engineering
ECG Engineering

ECG provides specialised electrical engineering services to the Mining, Utilities, Materials Handling and Industrial industries, with extensive and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

➕

➕

➕

➕

➕

RESEARCH CHANNEL AFRICA

SUBSCRIBE

➕

➕

➕

➕

➕

➕

➕

➕

➕

➕

CORPORATE PACKAGES

CLICK FOR A QUOTATION

➕

➕







sq:0.108 0.144s - 114pq - 2rq
Subscribe Now