Iron ore gains as markets await key China meeting
Iron ore futures swung to gains from losses on the first working day of the week as the market keenly awaiteda key meeting of the topleadership in biggestconsumer China for cues on stimulus measures. China’s National People’s Congress (NPC) Standing Committee is meeting over Nov. 4-8 and all eyes are on whether more stimulus measures would be unveiled to spur theeconomy. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade0.91% higher at 779 yuan ($109.78) a metric ton, after touching the lowest since ...
Read More »