Iron ore futures slid to around CNY 785 per ton, touching a one month low as inventories at Chinese ports jumped to their highest level since 2022 last week, signaling softer demand amid ample supply. Steel demand weakened further as construction activity in China slowed ahead of the Lunar New Year holidays, weighing on prices of iron ore and other steelmaking inputs. Supply pressures also intensified as shipments from Brazil and Australia remained strong. Brazilian miner Vale reported iron ore production of 336.1 million tons in 2025, the first time since 2018 that its output exceeded that of rival Rio Tinto’s Pilbara operations in Australia. However, Vale has temporarily halted operations at two mines after water mixed with sediment overflowed over the weekend, potentially limiting further downside in prices.
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Three Markets to Watch Next WeekFebruary 7, 2026
S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market





