Iron ore futures have dropped below $100 per ton, reaching their lowest level in more than two weeks due to concerns about demand from China.

In Singapore, futures fell by up to 0.9%, continuing a downward trend for the third consecutive day.

China's recent economic measures, such as a debt-swap plan, have not met investor expectations for direct stimulus, contributing to the decline in iron ore prices. Furthermore, the ongoing weak inflation in China, the world's largest consumer of iron ore, worsens the situation as miners ramp up their production efforts.