Asian Iron Ore Prices Rise Above USD 100 Per Tonne
Iron Ore | 2025-07-17 13:31:46
Among other things, increased demand from the Chinese construction sector is likely to have contributed to these iron ore price increases.
By Paul Ploumis
SEATTLE (Scrap Monster): Iron ore prices on the Singapore Exchange (SGX) had already exceeded USD 100 per tonne yesterday (Wednesday) and rose further today. China sees increase in construction activity. US aluminium premiums remain at record high. Von der Leyen’s EU budget draft meets with broad resistance from politicians and business leaders.
Asian iron ore prices rise above USD 100 per tonne
Iron ore prices on the Singapore Exchange had already exceeded USD 100 per tonne yesterday (Wednesday) and continued their upward trend today (Thursday). Prices for iron ore also rose further today on the Dalian Commodity Exchange, climbing by around 1.8%. At the beginning of the week, Chinese spot prices for imported iron ore had already jumped by more than 4%.
Iron ore prices rise due to increased construction activity
Among other things, increased demand from the Chinese construction sector is likely to have contributed to these iron ore price increases. Construction starts in China rose surprisingly by 0.8% in the second quarter. Another important demand effect comes from private consumption in China, which rose by approximately 1.0% compared to the previous quarter.
US aluminium premiums remain at record highs
The aluminium premium duty paid US Midwest remains at a record high and currently stands at USD 1471.78 per tonne or approximately USD 0.67 per pound.
Courtesy: www.steelnews.biz
