B · Normal
[Singapore’s iron ore futures extend their decline and head towards four consecutive days of decline] November 12, Singapore’s iron ore futures continued their decline on Thursday, falling for the fourth consecutive day, with the largest intraday drop of 1.6% to US$90.70 per ton. The main contract suffered its biggest intraday drop in three weeks, but at 1:19 pm local time, the trading price rebounded to $90.90. Iron ore futures on the Dalian Commodity Exchange fell as much as 2% during the session. In Shanghai, futures for rebar used in the construction industry fell as much as 0.7%.
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