Prices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin jumped above $160 per tonne in the first trading week of 2021 amid continued demand for the steel-making ingredient in China. On the supply side, BHP and Vale have resumed operations at a Brazilian iron ore mine five years after a massive dam disaster, which is likely to put some pressure on the market. In December, iron ore prices jumped a nine-year high of $172 per tonne after gaining nearly 80% during the year.

Historically, Iron Ore reached an all time high of 200 in November of 2007. Iron Ore - data, forecasts, historical chart - was last updated on January of 2021.

Iron Ore is expected to trade at 156.29 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 136.51 in 12 months time.

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Iron Ore


Iron Ore
Iron ore prices refer to Iron Ore Fine China Import 63.5 percent grade Spot Cost and Freight for the delivery at the Chinese port of Tianjin. Is used to make steel for infrastructure and other construction projects. The biggest producers of iron ore are China, Australia and Brazil. Others include India, Russia, Ukraine and South Africa.
Energy Price Day Weekly Monthly YTD Date
Crude Oil
USD/Bbl
 50.0400 0.11 0.22% 3.39% 9.35% 3.13% Jan/06
Brent
USD/Bbl
 53.8900 0.29 0.54% 4.38% 10.45% 4.03% Jan/06
Natural gas
USD/MMBtu
2.6520 0.05 -1.85% 9.50% 10.22% 4.45% Jan/06
Gasoline
USD/Gal
 1.4493 0.00 -0.19% 3.43% 15.41% 2.78% Jan/06
Heating oil
USD/Gal
 1.5233 0.00 0.29% 2.11% 8.87% 2.65% Jan/06
Ethanol
USD/Gal
 1.4850 0.00 0.00% 10.99% 12.50% 3.63% Jan/05
Naphtha
USD/T
 476.33 16.99 3.70% 10.22% 16.29% 10.08% Jan/05
Propane
USD/Gal
 0.80 0.01 0.71% 23.82% 33.99% 23.55% Jan/05
Uranium
USD/Lbs
 30.6500 0.20 -0.65% -0.16% 3.20% -0.16% Jan/05

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
 1,945.07 4.28 -0.22% 2.73% 4.37% 2.56% Jan/06
Silver
USD/t.oz
 27.330 0.24 -0.87% 2.71% 11.53% 3.69% Jan/06
Platinum
USD/t.oz
 1,093.67 17.83 -1.60% 2.61% 7.09% 2.60% Jan/06

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
 1,367.7500 2.50 0.18% 5.13% 17.63% 3.89% Jan/06
Wheat
USd/Bu
 653.0000 1.00 -0.15% 1.91% 14.31% 1.95% Jan/06
Palm Oil
MYR/T
 3,781.00 26.00 0.69% 5.38% 11.47% 5.03% Jan/06
Cheese
USD/Lbs
 1.6910 0.01 -0.82% 1.50% 5.42% 2.73% Jan/06
Milk
USD/CWT
 16.50 0.33 2.04% 2.74% 7.21% 4.43% Jan/06
Rubber
JPY/Kg
 273.40 2.60 -0.94% 1.71% 10.38% 1.71% Jan/06
Orange Juice
USd/Lbs
 123.30 1.40 1.15% 2.11% 1.15% 0.04% Jan/05
Coffee
USd/Lbs
 125.10 1.05 -0.83% -0.24% 9.02% -2.46% Jan/05
Lumber
USD/1000 board feet
 877.50 0.70 0.08% -1.19% 25.93% 0.50% Jan/05
Oat
USd/Bu
 360.2500 3.00 -0.83% 3.22% 10.85% -0.14% Jan/06
Wool
AUD/100Kg
 1,171.00 0.00 0.00% 0.00% 2.36% 0.00% Jan/05
Cotton
USd/Lbs
 80.47 0.12 0.15% 3.21% 13.93% 3.01% Jan/06
Cocoa
USD/T
2,514.00 38.00 -1.49% 0.28% -11.35% -3.42% Jan/05
Rice
USD/cwt
 12.3550 0.30 -2.33% 1.23% 0.37% 0.94% Jan/05
Canola
CAD/T
 638.40 10.20 1.62% 0.13% 7.95% 1.41% Jan/05
Sugar
USd/Lbs
 16.12 0.36 2.28% 7.18% 11.56% 4.07% Jan/05
Tea
USD/Kgs
 2.87 0.00 0.00% 0.00% 3.61% 0.00% Jan/05
Corn
USd/BU
 500.0000 8.25 1.68% 5.37% 19.19% 3.31% Jan/06

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
 18.44 0.19 1.04% 4.12% 0.88% 1.65% Jan/05
Feeder Cattle
USd/Lbs
 136.6750 1.73 1.28% -2.11% -0.82% -1.64% Jan/05
Live Cattle
USd/Lbs
 115.0500 2.75 2.45% 0.41% 6.53% 0.02% Jan/05
Lean Hogs
USd/Lbs
 70.9250 0.30 -0.42% 5.54% 9.96% 0.92% Jan/05
Poultry
BRL/Kgs
 6.13 0.08 1.32% 5.15% -3.01% 2.00% Jan/05

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
 3.6475 0.00 -0.10% 3.07% 4.13% 3.68% Jan/06
Lithium
CNY/T
 46,500.00 0.00 0.00% 0.00% 13.41% 0.00% Jan/06
Bitumen
CNY/T
 2,400.00 60.00 -2.44% -1.80% -2.83% 0.76% Jan/05
Steel
CNY/T
 4,233.00 1.00 -0.02% 1.80% 6.36% 0.47% Jan/05
Coal
USD/T
 79.03 2.22 -2.73% -6.00% 2.64% -2.70% Jan/05
Palladium
USD/t.oz
 2,446.87 20.13 -0.82% 3.57% 4.96% -0.03% Jan/06
Cobalt
USD/T
 34,000.00 1,000.00 3.03% 5.62% 4.97% 5.62% Jan/05
Lead
USD/T
 2,067.00 31.25 1.54% 5.24% 0.22% 4.62% Jan/05
Aluminum
USD/T
 2,045.00 2.25 -0.11% 3.13% 2.25% 3.24% Jan/06
Tin
USD/T
 21,235.00 55.00 0.26% 5.14% 11.21% 4.53% Jan/06
Zinc
USD/T
 2,838.75 9.75 0.34% 2.85% 1.44% 3.19% Jan/06
Nickel
USD/T
 17,628.75 279.25 1.61% 4.53% 8.03% 6.50% Jan/05
Molybdenum
USD/Kg
 23.50 0.00 0.00% 0.00% 0.00% 0.00% Jan/05
Iron Ore
USD/T
 165.50 2.00 1.22% 2.16% 16.55% 4.42% Jan/05
Soda Ash
CNY/T
 1,340.00 0.00 0.00% 0.75% -10.19% 0.00% Jan/05
Neodymium
CNY/T
 627,500.00 5,000.00 0.80% 2.45% -1.18% 0.80% Jan/05
Iron Ore 62% fe
USD/T
 166.0800 1.64 1.00% 6.76% 15.06% 6.57% Jan/05
Rhodium
USD/t oz.
 17,800.00 750.00 4.40% 6.91% 9.88% 4.71% Jan/05
Manganese
CNY/T
 31.25 0.00 0.00% 2.46% 12.61% 0.00% Jan/05

Index Price Day Weekly Monthly YTD Date
Baltic Dry
Index Points
 1,418.00 44.00 3.20% 3.20% 22.03% 3.81% Jan/05
CRB Index
Index Points
 182.45 4.63 2.60% 3.83% 8.03% 2.33% Jan/05
LME Index
Index Points
 3,528.60 48.10 1.38% 2.32% 3.64% 3.34% Jan/05
S&P GSCI
Index Points
 2,030.94 60.75 3.08% 3.94% 8.70% 2.73% Jan/05