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Iron ore rises on China restocking demand
Prices of iron ore futures rose on Monday, supported by strong restocking demand from steel mills in China amid healthy profit margins and low inventories, although expectations of production cuts in northern China capped the gains. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 0.51% higher at 794 yuan ($110.55) a metric ton, as of 0254 GMT. The benchmark September iron ore on the Singapore Exchange was 1.27% higher at $103.4 a ton. Healthy margins and low inventories have led steel mills to restock, contributing to higher iron ore demand, though futures pared some ... (full story)
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- Aug 11, 2025 5:03am Posted byFundamental Analysis247
