Iron ore prices are falling, expected to remain within a range of fluctuations.

In the early trading of the Asian market, iron ore prices fell. An analyst from South China Futures commented that in the short term, iron ore prices are expected to remain range-bound, lacking a clear trend. They pointed out that steel demand is stronger than expected, but due to ample supply, there is limited room for price increases. Investors will closely monitor clues on the medium to long-term supply. The most actively traded iron ore contract on the Dalian Commodity Exchange fell by 0.6%, closing at 799.0 yuan per ton.