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Iron ore rises with sentiment lifted by China’s fiscal support promise, nickel rally
Iron ore futures rose on Thursday as top consumer China’s promise to lend monetary support to boost lacklustre consumption buoyed sentiment, with the recent rally in nickel prices lending further support. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 0.33% higher at 766 yuan ($110.98) a metric ton, as of 0249 GMT. The benchmark March iron ore on the Singapore Exchange was 0.25% higher at $100.2 a ton. Investor sentiment was lifted after China’s central bank pledged to lend financial support to boost domestic demand, as industrial overcapitalisation and lacklustre ... (full story)
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- Feb 12, 2026 4:25am Posted byFundamental Analysis162
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