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Iron ore futures fell in Singapore as port inventories rebounded and steel mill profitability stayed low. The Baltic main index rose 2 points to 2,714 but was on track for a second monthly decline of about 12% in October, dragged down by capesize and panamax rates.
Lower dry bulk earnings point to weak ocean freight demand, which trims shipping costs for grain and meal. The iron ore weakness reflects soft steel demand, a routine market move with no major new shock.
brecorder.comReutersOct 31, 2026brecorder.comReutersOct 31, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
