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Dalian iron ore inches higher on China’s post-holiday demand outlook
Dalian iron ore futures edged higher on Monday, aided by hopes that demand will pick up in top consumer China with participants returning to the market after a week-long Lunar New Year holiday break. The most-traded May iron ore contract on China’s Dalian was up 0.42% at 960.5 yuan ($133.48) a metric ton, as of 0215 GMT. “Optimism of stronger demand from China boosted sentiment in the metals sector … construction activity should rise in coming weeks as the seasonal winter lull draws to an end,” analysts at ANZ bank said in a note. Traders bet on the prospect of further stimulus to be rolled out after ... (full story)