RSS SubscribeIron ore price soars to over one-week high on upbeat seasonal demand outlook
From Reuters
Iron ore futures prices surged on Thursday to hit their highest in more than a week, as prospects of improved seasonal demand in China outweighed concerns over the top consumer’s economic recovery.
The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 3.97% higher at 707.0 yuan ($99.25) a metric ton.
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