Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMI
Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.
Indonesia lowered most of its monthly coal benchmark prices for September, while raising the price for medium rank coal, according to a decree from the Energy and Mineral Resources Ministry.
Below are the prices for August and July:
| Price ($/ton) | ||
| Calorific value (kcal/kg) | September | August |
| 6,322 | 133.13 | 179.9 |
| 5,300 | 89.11 | 84.75 |
| 4,100 | 53.83 | 57.38 |
| 3,400 | 31.82 | 31.96 |
(By Bernadette Christina Munthe; Editing by William Mallard)
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