Iron ore gains as China pledges package of stimulus polices | Metals Mine

  • Iron ore gains as China pledges package of stimulus polices

    From brecorder.com

    Iron ore futures edged higher on Monday, as top consumer China’s latest pledge to roll out a package of polices to spur domestic consumption lifted sentiment. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 0.61% higher at 820 yuan ($117.56) a metric ton as of 0241 GMT. The benchmark February iron ore on the Singapore Exchange was 0.54% higher at $109.05 ton. China’s cabinet held a meeting on Friday about implementing a package of fiscal and financial policies to boost domestic demand, including initiatives to spur household consumption, state broadcaster CCTV reported. A ... (full story)

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