Dalian iron ore hits 3-week peak on China demand optimism

Capt. John

Iron ore stretched a rally into a fifth straight session on Thursday, with the benchmark Dalian contract scaling a three-week high while spot prices rose above $100 a tonne, buoyed by improved sentiment towards China’s property sector. The most-traded January iron ore contract on China’s Dalian Commodity Exchange ended daytime trading 1.8% up at 611.50 …

The post Dalian iron ore hits 3-week peak on China demand optimism first appeared on Hellenic Shipping News Worldwide.

Author: Capt. John

https://www.hellenicshippingnews.com/dalian-iron-ore-hits-3-week-peak-on-china-demand-optimism/

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