The Baltic Dry Index jumped 5.5% to 3,331 points — its highest since December 2023 — as Pacific typhoons squeeze Capesize supply while Australian miners and Guinea's Simandou ramp up iron ore shipments. Analysts are calling it a perfect storm. #BalticDryIndex#Shipping#IronOre
Iron ore prices hit a one-year low as weak Chinese steel demand, rising supply, and growing inventories deepen expectations of a market surplus. Analysts now see prices averaging around $95/ton in 2027, with softer demand continuing to weigh on the outlook. #IronOre#Steel#China
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