Prices of Dalian iron ore fell on Monday to hit their lowest level in more than five months, as top consumer China’s plan to roll out a licence system from 2026 to regulate steel exports cast a shadow on demand prospects. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE) closed morning trade 1.05% lower at 754 yuan ($106.95) a metric ton. It touched its lowest level since July 10 at 748 yuan earlier in the session.The benchmark January iron ore on the Singapore Exchange fell 0.76% to $101.2 a ton by 0330 GMT. The contract earlier hit an intraday low of $100.4, close to Friday’s low of ... (full story)