The future prices of the iron mineral decreased on Wednesday, with the new escalation of the commercial tension between China and the United States that increase the fears related to the prospects of the demand, while doubts about the possibility of stimuli in China have also intensified after a series of optimistic data.
The most negotiated iron mineral on the Dalian merchandising bag (DCE) of China recovered part of the losses before and closed the negotiations of 0.14%of the day at 708 IUANE per tonne.
May Iron Mineral, a reference to the Singapore Stock Exchange, fell 1.28%to US $ 97.45 the tonne.
The Chinese economy grew by 5.4% compared to the previous year in the first quarter, according to the data published on Wednesday, exceeding the estimates, supported by solid consumption and industrial production.
In addition, the prices of the new houses in China were stable in March compared to the previous month, reporting a slight improvement compared to February, when prices decreased by 0.1% compared to the previous month.
Hoping that Beijing reveals an aggressive stimulus to combat US tariff shocks to achieve the annual growth objective has slightly decreased, pressing along the ferrous market.
The weakening of prices occurred despite the lowest offer signs and resilient demand.
Rio Tinto has informed his lower iron mineral shipments to a first quarter since 2019 and warned that more climatic events could drive the company not to reach its forecasts for 2025.
The Brazilian Mineraria company Vale produced 67.7 million tons of iron mineral in the first quarter of 2025, a 4.5% drop compared to the previous year.
The production of Chinese gross steel increased by 4.6% compared to the previous year, encouraged by higher margins and robust exports.
“The question of steel has shown signs of softening since last week; the impact of commercial tensions on exports will probably not appear until May,” said Zhuo Quiqiu, an analyst of the broker Jinrui Futures.
Source: Terra
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