Author: Lalita
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China: Iron ore futures climb on lower port stocks
Iron ore futures in China strengthened subsequent to eruption of availability concerns, as port stocks of the steelmaking raw material slumped to an eight-month low. The most-active iron ore contract for Sept’21 delivery on the Dalian Commodity Exchange rose 1%, while steel futures on the Shanghai Futures Exchange (SHFE) remained volatile. Closing prices of the…