Dalian iron ore slumps to near 3-month low as Sino-US tariff tension weighs

From brecorder.com

Iron ore futures prices fell for a third consecutive session on Tuesday, pressured by escalating trade tensions between the US and top consumer China, largely outweighing support from seasonal demand for the steelmaking ingredient. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 1.84% lower at 748.5 yuan ($102.15) a metric ton, as of 0320 GMT. Earlier in the session, prices hit 745.5 yuan to touch their lowest levels since January 9. The benchmark May iron ore on the Singapore Exchange was 1.9% lower at $95.7 a ton. “Iron ore futures have unsurprisingly responded to yet ... (full story)