Australian Dollar Commodities Iron ore price

Iron ore’s long losing streak set for reprieve?

Monday 23 February 2026

Iron ore futures have been on a significant sag in Singapore over the Chinese Lunar New Year break.

Chinese markets reopen tomorrow, and we typically see a bounce in ferrous prices after the holiday.

That said, I am looking through it this year and holding my shorts. The market is fundamentally weak with far too much ore and weak demand.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.