Dalian iron ore slides to over two-week low on trade war jitters

From brecorder.com

Iron ore futures prices sank on Monday, dragged lower by tit-for-tat tariffs between the US and top consumer China that have widened a global trade war. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended morning trade 2.6% lower at 768.5 yuan ($105.10) a metric ton. Earlier in the session, prices fell to 754 yuan, their lowest since March 21. The benchmark May iron ore on the Singapore Exchange was 2.21% lower at $98.4 a ton. External shocks to global markets, driven by fresh US tariffs, will pressure iron ore prices in the short term, said broker Galaxy Futures in a note. ... (full story)