CONF: China iron ore prices seen falling below $100/dmt in 2025

Chinese prices for 62% Australian iron ore fines are expected to fall to $90-100/dmt CFR Qingdao on average next year, mainly as oversupply will remain a drag on ore prices, Zhu Kedong, Mysteel's iron ore analyst, forecast at the company's annual conference held in Shanghai last Friday.

Looking at the price performance of the critical steelmaking material this year, Zhu observed to delegates that imported iron ore prices generally moved downwards, with macro-economic factors causing increased volatility. Mysteel SEADEX 62% Australian Fines had averaged $110/dmt so far this year, lower than the average price of $119/dmt recorded last