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Iron ore falls as China allows purchases of banned BHP portside cargo
Iron ore futures fell on Tuesday after two consecutive sessions of gains, as supply concerns eased after news that China’s state buyer had allowed some local steelmakers to purchase previously banned BHP cargoes piling up at ports. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) was down 1.33% at 777 yuan ($113.78) a metric ton, as of 0328 GMT. The benchmark May iron ore on the Singapore Exchange was 0.82% lower at $106 a ton.The China Mineral Resources Group’s (CMRG) decision came after BHP Group said last week it had concluded a contract negotiation with the state-backed ... (full story)
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- Apr 28, 2026 1:22am Posted byFundamental Analysis137
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