Author: Lalita

  • China: Iron ore futures rise on market sentiments turning positive

    China: Iron ore futures rise on market sentiments turning positive

    Dalian iron ore futures rose by 5.5%, d-o-d, on 7 Sept’21, recovering from losses recorded earlier. China’s iron ore imports hit new highs in Aug even as policymakers tried to cut steel production and temper down commodity prices. However, this fuelled positive sentiments in the steel market. Closing prices of the most-traded ferrous futures contracts:…