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Iron ore futures in China increased 2.9% amidst tension in the Middle East

Published On 09 Jan 2020 06:22 AM


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On Wednesday, Iron ore futures in China increased rising as much as 2.9% in market session, on expectations of strong restocking demand from mills ahead of local holidays.

The most active May contract for iron ore futures on the Dalian Commodity Exchange increased 2.7% to 684 yuan ($98.43) per ton, maintaining a strong trend after rising to 685 yuan per ton earlier.

The upcoming Spring Festival holiday has made Steel m....


Tags : Iron ore, China, Dalian Commodity Exchange,
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