Author: Lalita
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China: Iron ore futures fall 5.5% amidst demand worries
Iron ore futures on China’s exchanges dropped 5.5% on 5 Aug’21, with the most-traded delivery contract swapping to Jan’22. The iron ore and steel futures market was bearish, as steel consumption decelerated amid production cuts. Closing prices of the most-traded iron ore and steel futures contracts: DCE iron ore futures Jan’22 contract closed at RMB…