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Metals: Iron ore is stagnating

10/01/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Iron ore futures prices moved in a tight range on Thursday as traders assess the new stimulus measures against weaker consumer data from the main Chinese consumer.

The February reference iron ore price on the Singapore Stock Exchange increased by 0.73% to $97.15 per ton. The most traded iron ore contract in May on the Chinese Commodity Exchange in Dalian (DCE) rose by 0.53% to 754.5 yuan (102.92 dollars) per metric ton, at 03:17 GMT. According to analysts at ING, industrial metals had a mixed start to 2025 due to geopolitical tensions, the uncertain evolution of the Chinese economic recovery and the rise of protectionism

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