Iron Ore Hits Six-Month Highs Despite UBS Calling It "Least Discussed" With Investors https://t.co/Beue6dTikp
— zerohedge (@zerohedge) September 10, 2025
Singapore iron ore futures have perked up over the past week, extending gains into a sixth straight session and approaching a six-month high as signs of revived Chinese demand emerge into the tail end of summer.
Prices have held steady, hovering around $100 a ton for more than a year, as the gloom from China’s vicious property market downturn and debt crisis, coupled with accelerating deglobalization and the absence of robust stimulus in the world’s second-largest economy, has given investors little incentive to pile into futures of the steelmaking ingredient.
As Bloomberg noted, Singapore futures briefly surpassed $107 a ton to begin the week – the highest intraday level since February. Futures are on track for the longest winning streak since January.