Futures prices du Dalian iron ore fell to their highest on Monday low level in seven weeks. A series of negative data in the main consumer country, China, has raised concerns about the prospects of the demand for this key ingredient in steel manufacturing.

The most traded iron ore contract in January on the Chinese stock exchange Dalian Commodity Exchange (DCE) closed the Morning down 0.19% to 770 yuan (108.08 dollars) per metric ton.

It hit its lowest level since the 1st September at 762.50 yuan earlier in the session.

The reference iron ore price from November to However, the Singapore Stock Exchange was up by 0.41% to 104.35 dollars a ton, at 03:54 GMT, backed by a weaker American currency that makes the cheaper dollar-denominated commodities for buyers using other currencies.

Singapore's benchmark has reached its lowest level since October 9, at 103.25 dollars. Economic growth China probably slowed down in the third quarter to reach its highest low level in one year, the prolonged real estate crisis and tensions commercial activities weighing on demand.

some key indicators including Real estate investment and new housing starts constructions, among others, on the real estate market, have highlighted bleak outlook for steel demand, leading to lower prices for ore.

In addition, new housing prices in China have fell in September at their fastest rate in 11 months, thus worsening the impact of the real estate sector on economic growth in general.