Iron ore futures prices extended their rise for a second straight session on Thursday, supported by lingering demand hopes in top consumer China, although some profit taking limited gains. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended morning trade 1.03% higher at 879.5 yuan ($121.36) a metric ton, after rising more than 3% on Wednesday. The benchmark May iron ore on the Singapore Exchange was 0.28% higher at $118.25 a ton, as of 0331 GMT, following an increase of more than 5% the day before. Analysts at Soochow Futures said in a note that rising steel output and demand ... (full story)