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Dalian iron ore rises on resilient steel demand, China stimulus hopes
Dalian ironore futures prices rose for a third straight session on Wednesday, supported by resilient steel demand and persistent hopes of further economic stimulus in top consumer China. Lingering high portside stocks capped gains, however. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.11% higher at 774.5 yuan($106.96) […]
Palm down more than 2% on weaker export demand and Chicago soyoil prices
Malaysian palm oil futures fell more than 2% onWednesday, weighed down by sluggish exports demand and weaker Chicago soyoil prices. The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange lost 107 ringgit, or 2.17%, to 4,817 ringgit ($1,077.87) a metric ton at the close. The contract rose 0.51% in […]