IRON ORE FUTURES IMPLODE: Trade halted as prices fall 7%

Iron ore futures are getting crushed in today’s trading session, down more than 7%.

Futures fell as much as 7.69%, before rallying a short time ago to 7.21%.

The futures contracts earlier hit their Limit Down, which is the maximum amount that futures contracts can decline in one session.

Just when iron ore looked like it had stabilised, volatility is back with a bang.

The futures market points to significantly lower spot prices for iron ore later today. Spot prices for Benchmark 62% fines closed last night at $US68.68.

This table heavy falls in futures contracts across all commodities:

  • SHFE Copper ¥45,800 , -2.35%
  • SHFE Aluminium ¥14,100 , -0.21%
  • SHFE Zinc ¥21,160 , -2.47%
  • SHFE Nickel ¥77,830 , -2.42%
  • SHFE Rebar ¥3,048 , -3.73%
  • DCE Iron Ore ¥489.00 , -7.21%
  • DCE Coking Coal ¥1,068.00, -4.09%
  • DCE Coke ¥1,517.50, -4.47%
  • NOW WATCH: Money & Markets videos

    Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at