Tag: DCE iron ore
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DCE iron ore price plunges 7% on bearish demand outlook
The most-traded iron ore futures contract on the Dalian Commodity Exchange for January 2022 delivery plunged by 6.7% or Yuan 51.1/dmt ($8/dmt) on Monday from last Friday’s settlement prices to close the daytime session at Yuan 723/dmt, a more than one-year low, DCE data shows. Exchange watchers blamed intensified market worries about the likelihood of…