Dalian iron ore futures rose for a second straight session on Thursday, as upbeat China factory activity data raised demand prospects in the world’s second-largest economy. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) was 0.51% higher at 787.5 yuan ($115.15) a metric ton, as of 0222 GMT. The contract has gained 0.19% so far this week. Markets in China will be closed from May 1 to 5 for holidays. The benchmark June iron ore on the Singapore Exchange was 0.06% lower at $106.35 a ton. The contract has gained 0.37% so far this week. China’s factory activity expanded for a second ... (full story)