(Jan 7): Iron ore hit the highest price since February, buoyed by the outlook for macro-economic support in China and pre-holiday restocking. Futures rose for a fourth day, topping US$108 (RM437) a ton in Singapore. Prices were also supported by restocking before next month’s Lunar New Year break, according to Liz Gao, iron ore analyst at CRU. “Supply is robust now, but there are risks of disruptions for iron ore in the next few weeks due to seasonal weather. Iron ore gained as much as 1.7% to US$108.40 a ton in Singapore, and traded at US$108.35 at 12:07pm local time, while Dalian contracts were up 2.8%.

Source: The Edge Markets January 07, 2026 05:01 UTC