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Iron ore set for second weekly gain as China pledges crackdown on price wars
Prices of iron ore futures extended gains on Friday and headed for a second consecutive weekly gain, driven by improved market sentiment after officials in top consumer China called to curb aggressive price competition. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended morning trade 1.03% higher at 735.5 yuan ($102.65) a metric ton. The contract has gained 3.01% so far this week. The benchmark August iron ore on the Singapore Exchange was 0.11% higher at $96.55 a ton, as of 0345 GMT, and was up 2.4% so far this week. Earlier this week, the Central Financial and Economic ... (full story)
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- Jul 4, 2025 4:19am Posted byFundamental Analysis170
