Iron ore futures fall as China awaits economic meetings and market fundamentals weaken

infomoney.com.br (Portuguese)

Iron ore futures slightly declined as market fundamentals weakened. Investors await Chinese economic meetings for potential growth targets. The most traded January iron ore contract on China's Dalian Commodity Exchange fell 0.19% to 799.5 yuan ($113.19) per ton. Singapore benchmark iron ore rose 0.24% to $104.15 per ton. Traders are positioning ahead of key policy meetings, though significant stimulus is considered unlikely. Steel prices are expected to rise in December due to improved macroeconomics.


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Iron ore futures fall as China awaits economic meetings and market fundamentals weaken | News Minimalist