China iron ore hits 3-week high on rate cut, lower port stocks

Capt. John

Iron ore futures in China extended gains to a fifth straight session on Monday, underpinned further by data showing a drop in stocks of the steelmaking raw material at the country’s ports, and after the central bank cut its medium-term lending rate. China’s port inventory of imported iron ore...

https://www.hellenicshippingnews.com/china-iron-ore-hits-3-week-high-on-rate-cut-lower-port-stocks/

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