Iron ore ticks higher on hopes of pre-holiday restocking – Markets

BEIJING: Iron ore futures prices rose on Monday, aided by expectations of another wave of restocking by steelmakers in top consumer China, although high portside stocks and concerns about demand next year capped the gains.

The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended morning trade 0.97% higher at 781 yuan ($107.01) a metric ton.

It hit the lowest…