Author: Lalita
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China: Iron ore futures tumble on rising inventories, dull demand
Iron ore futures on the Dalian Commodity Exchange (DCE) dropped by 7.6% on 6 Sept’21, hitting a seven-month low. Rising port stocks in China due to increased shipments and weak domestic demand resulted in futures prices drifting down. Closing prices of the most-traded ferrous futures contracts: DCE iron ore futures Jan’22 contract closed at RMB…