Prices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin rose to $214 a tonne, their highest since May 18th, amid concerns over supply to top steel producer China. Iron ore inventory at Chinese ports dropped last week to the lowest since early February, while shipment arrivals were lower than the prior-week and year-ago volumes, according to metals data provider SMM. Earlier in the week, prices had been under pressure due to weaker-than-expected China's trade data and narrowing profit margins for the country’s steelmakers. The world's second-largest economy imported 89.8 million tonnes of iron ore last month, lower than the 98.6 million tonnes it bought in April and 102.1 million tonnes in March. In May, iron ore prices rallied to a record high of $229, buoyed by strong demand from the steel industry, but have since fallen in the aftermath of Chinese measures to contain the rapid surge of prices for industrial commodities.

Historically, Iron Ore reached an all time high of 229.50 in May of 2021. Iron Ore - data, forecasts, historical chart - was last updated on June of 2021.

Iron Ore is expected to trade at 204.56 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 178.67 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
69.5800 0.38 -0.54% 1.12% 6.59% 43.40% Jun/10
Brent
USD/Bbl
71.4200 0.64 -0.89% 0.15% 4.19% 37.88% Jun/10
Natural gas
USD/MMBtu
3.1560 0.03 0.86% 3.78% 6.80% 24.30% Jun/10
Gasoline
USD/Gal
2.1976 0.00 -0.22% -0.19% 2.70% 55.85% Jun/10
Heating oil
USD/Gal
2.1162 0.01 -0.62% 0.69% 3.65% 42.60% Jun/10
Ethanol
USD/Gal
2.4600 0.00 0.00% -0.81% 5.13% 71.67% Jun/09
Naphtha
USD/T
619.07 1.23 -0.20% 0.65% 4.50% 43.07% Jun/09
Propane
USD/Gal
0.94 0.00 0.43% 1.95% 16.19% 44.90% Jun/09
Uranium
USD/Lbs
32.3000 0.10 0.31% 2.54% 5.04% 5.21% Jun/09

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,892.89 4.59 0.24% 1.19% 3.05% -0.19% Jun/10
Silver
USD/t.oz
27.900 0.15 0.54% 1.64% 0.98% 5.85% Jun/10
Platinum
USD/t.oz
1,145.00 5.01 -0.44% -1.04% -7.32% 7.42% Jun/10

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,545.7500 16.75 -1.07% -0.23% -5.60% 18.29% Jun/10
Wheat
USd/Bu
679.7500 2.50 -0.37% 0.52% -10.53% 6.13% Jun/10
Lumber
USD/1000 board feet
1,127.00 37.20 -3.20% -15.02% -30.85% 29.08% Jun/10
Cheese
USD/Lbs
1.6340 0.00 0.12% -10.17% -9.77% -0.73% Jun/09
Palm Oil
MYR/T
3,920.00 49.00 1.27% -5.72% -9.89% 8.89% Jun/10
Milk
USD/CWT
17.21 0.14 0.82% -0.58% -8.89% 8.92% Jun/10
Rice
USD/cwt
13.0650 0.02 -0.15% -1.73% -5.60% 6.74% Jun/10
Rubber
JPY/Kg
244.00 4.00 -1.61% 0.87% -5.06% -9.23% Jun/10
Wool
AUD/100Kg
1,393.00 16.00 1.16% 3.72% 5.61% 18.96% Jun/09
Tea
USD/Kgs
2.58 0.00 0.00% 0.00% -11.34% -10.10% Jun/09
Canola
CAD/T
866.40 2.40 0.28% -2.63% -11.99% 37.63% Jun/10
Cocoa
USD/T
2,371.00 23.00 0.98% -1.82% -2.23% -8.91% Jun/10
Orange Juice
USd/Lbs
128.00 0.65 -0.51% 5.57% 10.58% 3.85% Jun/10
Cotton
USd/Lbs
86.79 0.17 0.20% 3.06% -1.09% 11.10% Jun/10
Sugar
USd/Lbs
17.75 0.02 0.11% 1.84% -1.93% 14.59% Jun/10
Oat
USd/Bu
395.5000 0.50 -0.13% 4.08% 2.20% 9.63% Jun/10
Coffee
USd/Lbs
159.10 1.90 1.21% 0.95% 7.57% 24.05% Jun/10
Corn
USd/BU
702.7500 12.25 1.77% 6.16% -7.47% 45.20% Jun/10

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
20.36 0.01 -0.05% 1.75% 0.39% 12.24% Jun/09
Poultry
BRL/Kgs
7.25 0.14 1.97% 2.84% 1.12% 20.63% Jun/09
Feeder Cattle
USd/Lbs
147.9750 0.30 -0.20% -3.25% 9.35% 6.50% Jun/10
Live Cattle
USd/Lbs
117.7000 0.30 0.26% 0.79% -0.78% 2.33% Jun/10
Lean Hogs
USd/Lbs
122.1250 0.18 0.14% 2.30% 9.55% 73.78% Jun/10

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.4865 0.05 -1.10% 0.34% -6.11% 27.49% Jun/10
Coal
USD/T
116.00 1.23 1.07% 4.93% 23.14% 42.82% Jun/10
Steel
CNY/T
4,898.00 0.00 0.00% 1.41% -14.67% 16.07% Jun/10
Iron Ore
USD/T
214.00 4.00 1.90% 3.13% -6.14% 35.02% Jun/09
Lithium
CNY/T
89,000.00 0.00 0.00% 0.00% 0.00% 91.40% Jun/10
Bitumen
CNY/T
3,040.00 68.00 -2.19% -5.18% 1.00% 27.62% Jun/10
Cobalt
USD/T
42,535.00 0.00 0.00% -2.55% -5.82% 32.14% Jun/09
Lead
USD/T
2,188.11 17.11 0.79% -2.09% -0.30% 10.75% Jun/09
Nickel
USD/T
18,106.25 193.50 1.08% -0.53% 2.08% 9.38% Jun/09
Molybdenum
USD/Kg
34.75 0.00 0.00% 0.00% 28.70% 47.87% Jun/09
Aluminum
USD/T
2,456.50 16.30 -0.66% 2.17% -1.77% 24.02% Jun/10
Tin
USD/T
31,187.50 92.50 -0.30% 3.40% 4.19% 53.52% Jun/10
Zinc
USD/T
2,998.50 15.50 -0.51% 0.42% -0.49% 9.00% Jun/10
Palladium
USD/t.oz
2,760.23 18.46 -0.66% -2.77% -6.03% 12.77% Jun/10
Soda Ash
CNY/T
1,826.00 0.00 0.00% 2.01% 3.63% 36.27% Jun/10
Iron Ore 62% fe
USD/T
211.91 1.72 0.82% 1.88% -1.57% 35.98% Jun/10
Manganese
CNY/T
32.25 0.00 0.00% 0.00% 2.38% 3.20% Jun/09
Neodymium
CNY/T
602,500.00 0.00 0.00% -0.41% -13.31% -3.21% Jun/09
Rhodium
USD/t oz.
21,750.00 500.00 -2.25% -13.69% -23.42% 27.94% Jun/09

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
224.41 0.04 -0.02% 0.90% 2.43% 25.87% Jun/09
LME Index
Index Points
4,270.70 9.40 0.22% -1.06% -2.46% 25.08% Jun/09
S&P GSCI
Index Points
2,567.92 1.52 0.06% 0.76% 2.69% 29.89% Jun/09