Iron ore futures fell on Friday during daytime trading at China’s Dalian Commodity Exchange (DCE), reflecting softer market sentiment and a cautious outlook for steel demand.
The most active January 2026 contract declined 1.5 yuan (approximately $0.21) to close at 771 yuan per tonne, according to Xinhua News Agency.
IRON ORE SET FOR WEEKLY LOSS ON RENEWED US-CHINA TRADE TENSION, RISING SUPPLY
— First Squawk (@FirstSquawk) October 17, 2025
Trading activity also eased, with 11 listed iron ore contracts recording a total volume of 349,182 lots and a turnover of 26.88 billion yuan. Analysts suggest the dip may be linked to seasonal slowdowns in construction and uncertainty over China’s steel output policies, which often influence raw material prices.
China remains the world’s largest importer of iron ore, and since the DCE opened the market to international investors in 2018, the exchange has served as a key barometer for global demand trends.
The latest decline underscores a cautious tone in commodities trading as investors weigh slower industrial recovery against policy-driven optimism for 2026.
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