Dalian iron ore rises on pre-holiday restocking; SGX retests $100/T

BEIJING: Dalian iron ore futures gained for a second straight session on Tuesday, supported by pre-holiday restocking by steelmakers in top consumer China, although fresh environmental restrictions in the northern region capped the gains.

The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) rose 0.19% to 774.5 yuan ($106.12) a metric ton by 0242 GMT.

The benchmark…

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News Source: www.brecorder.com


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