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Iron Prices are multi year low

SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures,Apr-2024,Composite Futures (SGX:FEF1!)  
zuzuk  
SGX:FEF1!   SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures,Apr-2024,Composite Futures
Trend Analysis
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trendanalysis
Iron prices are very low currently and it looks like the support is near the current price. Will be interesting to monitor the price and see what has caused the sudden fall, there is a chance it comes from house demands weakening because of higher interest rates, but just my personal opinion.
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