In more than six weeks, the futures contracts on Dalian iron ore continued to fall to its lowest level.

The most negotiated iron ore contract for January on the Chinese commodity exchange in Dalian fell by 0.83% at 774 yuan (108.65 USD) per metric ton, at 03:30 GMT, after reaching its lowest level since September 2 at 769.5 yuan earlier in the session.

The reference iron ore price from November to However, the Singapore Stock Exchange recorded a slight decrease of 0.11% to 10.5%. USD per ton, at 03:20 GMT, in the hope of further cuts in the rates of American Federal Reserve, which helped limit some losses.

The contract reached its lowest level in almost a week at 103.6 USD per ton on Wednesday. At the same time, the weakness of the US dollar makes commodities denominated in cheaper dollars for buyers using other currencies