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Iron ore dips as worries over Australian supply disruptions ease

From brecorder.com

Dalian iron ore futures edged lower for the sixth session on Monday as fears over supply disruptions dissipated after the Australian iron ore hub resumed port operations after a cyclone warning. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 0.33% lower at 762.5 yuan ($109.98) a metric ton, as of 0258 GMT. The benchmark March iron ore on the Singapore Exchange was 0.72% higher at $99.75 a ton. The Singapore benchmark fell below $100 a ton as demand in China slowed ahead of the Lunar New Year holiday. Iron ore inventory at major Chinese ports rose by 0.58%, data from ... (full story)

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  • Category: Fundamental Analysis