One of the longest losing streaks for the price of iron ore may have come to an end on Friday last week, but the recent rout does not appear over yet.

Overnight, the commodity fell once again, with the move representing the ninth red day in the last 10.

As a result benchmark iron ore for immediate delivery to the port of Tianjin in China is currently trading at $US87.10 a tonne, down almost one per cent from its $US87.90 closing mark in the previous session and below the year's previous low point of $US87.30, reached on Thursday last week.

The latest fall sees iron ore mark a fresh two-year trough and pushes it ever closer to its post-crisis low. The benchmark price is now just US40c above a low reached on September 5, 2012 and if it dips under $US86.70 it will be at its lowest ebb since October, 2009.

Falls overnight were driven largely by concerns around the Chinese economy, with manufacturing data yesterday failing to flatter. Such news is unwelcome for investors in the commodity as it further raises fears of soft demand at a time when iron ore heavyweights Rio Tinto, BHP Billiton, Fortescue Metals Group and Vale are raising supply.

The latest fall did not have much impact on the UK-listed shares of BHP and Rio Tinto, however, with stock in both companies largely flat overnight.