Forex – Iron ore futures prices on China’s Dalian Commodity Exchange fell to their lowest level in more than a year, weighed down by a series of poor economic reports from China and expectations of weak demand in its biggest consumer steel market.
The most-traded January iron ore contract in Dalian ended morning trading down 2.66% at 678 yuan ($95.48) per metric ton.
The contract fell to 677.5 yuan, its lowest level since Aug. 22, 2023.
The benchmark October iron ore on the Singapore Exchange was traded at $90.95 per tonne, down 1.71% as of 0630 GMT.
