Iron ore retreats on China demand rethink, price curbs worry
Dalian iron ore futures dipped on Friday, deepening weekly losses as traders reassessed demand prospects in top steel producer China and exercised caution after market regulators repeatedly warned against excessive price speculation. The steelmaking ingredient’s most-active May contract on China’s Dalian Commodity Exchange DCIOcv1 ended daytime trade 0.4% lower at 853.50 yuan ($126.52) a tonne, after earlier hitting a fresh two-week low of 834 yuan. The contract has declined 1.2% so far in the week. On the Singapore Exchange, benchmark March iron ore SZZFH3 was headed for its first weekly ...
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