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Precious metals: Iron ore falls to its lowest level in over a month

06/01/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Although stronger economic data from the main consumer limited the fall, iron ore futures continued to fall for a second straight trading session on Monday.

The February reference price for iron ore on the Singapore Stock Exchange fell by 1.19% to $97.65 per ton at 03:50 GMT. The most traded iron ore contract in May on the Chinese Commodity Exchange in Dalian (DCE) ended the morning down 1.37% to 758.0 yuan (103.43 dollars) per metric ton. The Chinese consulting firm Mysteel reported that “ore prices will be under downward pressure, as the seasonal decline in hot metal production in factories will cause ore replenishment to slow

.”
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