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Iron ore higher on bets of easing US-China trade tension
Hopes grew for a de-escalation of trade spat between the world’s two largest economies after US President Donald Trump said on Monday he expected to reach a fair trade deal with Chinese President Xi Jinping. Trump also said he would visit China early next year at Beijing’s invitation. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade 0.65 percent higher at 774 yuan (USD108.66) per metric ton. The benchmark November iron ore on the Singapore Exchange was 0.47 percent higher at USD104.05 a ton, by 0653 GMT. “The rise is driven by the macroeconomic factor ... (full story)
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- Oct 23, 2025 3:29am Posted byFundamental Analysis190
