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Dalian iron ore hits one-week high on improved near-term China demand
Dalian iron ore futures prices touched on Monday their highest levels in more than a week, supported by improving short-term demand prospects for the steelmaking ingredient in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended morning trade 0.5% higher at 706 yuan ($98.22) a metric ton. Earlier in the session, prices rose to 709.5 yuan, their highest point since June 13.The benchmark July iron ore on the Singapore Exchange was 0.15% higher at $93.65 a ton. Hot metal production, a gauge of iron ore demand, inched up 0.24% week-on-week to 2.422 million ... (full story)
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- Jun 23, 2025 5:04am Posted byFundamental Analysis250
