Typhoon Zitan disrupted South China Sea shipping routes, raising freight and pushing iron ore futures higher. Singapore Exchange benchmark September iron ore futures rise 1.04% on Wednesday to $98.15 per tonne. Higher freight typically supports seabo

2026-08-26

Typhoon Zitan disrupted South China Sea shipping routes, raising freight and pushing iron ore futures higher. Singapore Exchange benchmark September iron ore futures rise 1.04% on Wednesday to $98.15 per tonne. Higher freight typically supports seaborne iron ore prices, but analysts said widening steelmaker losses have slowed production and mill inventories remain relatively high, capping further upside for ore.

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