Iron ore futures in Singapore fell to their lowest intraday level in one year as deteriorating fundamentals continued to weigh on the market. Radiant World — which has grown in recent years to become one of the market's main players — said the developments are "categorically untrue". Separately, Myles Allsop, a London-based mining and metals research analyst at UBS, recently pointed out, "Iron ore fundamentals remain cautious; prices are starting to test the low end of the range." Allsop questioned whether iron ore will trade above $100/t in 2027. He answered, "Probably not," and added:Iron ore fundamentals are deteriorating with supply lifting while demand is soft; this has resulted in inventories lifting materially over the last 12 months.