Iron-ore gains as China widens curbs on BHP cargoes

Iron-ore gains as China widens curbs on BHP cargoes

From miningweekly.com

Iron-ore prices climbed on Friday as top consumer China's widening restrictions on buying some seaborne cargoes from major supplier BHP sparked supply concerns that outweighed falling demand. The most-traded iron-ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 closed daytime trade 1.38% higher at 772 yuan ($111.90) a metric ton, with the contract rising 2.54% this week.The benchmark April iron ore SZZFJ6 on the Singapore Exchange advanced 1.53% to $101.55 a ton, as of 0725 GMT. The contract has risen 3.24% so far this week. Both contracts touched one-month highs earlier in the session. China's ... (full story)

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