Forex – Iron ore futures on the Dalian Commodity Exchange fell for a sixth straight session, heading for their biggest weekly loss in almost two years as weak economic data from China dampened demand expectations in the steel market, which is the largest consumer.
The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended morning trading down 1.9% at 671.5 yuan ($94.72) per tonne.
The contract is down 11.24% this week, heading for its biggest weekly decline since Oct. 28, 2022.
Benchmark October iron ore on the Singapore Exchange fell 0.74% to $90.35 per tonne.
