Dalian Iron Ore Drops to 785.50 Yuan, Ending Week With 1.68% Gain

Overview

• Iron ore’s most-traded January contract on the Dalian exchange fell 0.32% on Friday to 785.50 yuan per tonne, or about US$110.51.
• Analysts at Baocheng Futures cited soft demand, elevated stockpiles, and strong seaborne shipments as the main pressures on prices.
• The weekly performance remained positive, with iron ore up 1.68% despite the latest pullback.
• Broader demand headwinds persist as China’s property downturn reduces steel use, with construction accounting for roughly 30% of domestic steel demand and new starts expected to decline for a fifth year in 2025, according to Commonwealth Bank of Australia’s Vivek Dhar.
• Dollar-denominated figures are conversions published by Broadcast using the latest central bank exchange rate.