DCE: Iron ore closes moderately lower amid possible negotiations to end the Middle East war.

In the evening session this Tuesday (31), the most traded contract of iron ore in Dalian Exchange (DCE) It ended with a moderate drop of 0.8%, at 808 yuan (US$116.99) per ton. On the other hand, for the month, the futures contract accumulated gains of 7.7%, the largest increase since July 2025.

In this trading session, prices for the steelmaking ingredient were pressured by the market's reaction to recent rumors that… United States would they be willing to end the war against Iran, even if the Strait of Hormuz Keep it closed. 

As reported by The Wall Street Journal, the American president, Donald TrumpHe stated that he would concede on that point initially, so that the maritime route could resume operations later.

Furthermore, according to the Chinese consultancy MysteelDaily pig iron production in the country fell 1.6% in March compared to the previous month. 

This text was translated by machine from Brazilian Portuguese.