DCE iron ore ends down after roller-coaster week
Jul 05, 2019 19:00
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Lingering concerns about market demand led the most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE) for September delivery to end the daytime trading session at Yuan 829.5/dmt ($120.6/dmt) on Friday, down another Yuan 38.5/dmt on day and dashing any chance of the week’s earlier record being bettered.
Only days earlier on Wednesday, the contract had refreshed its five-and-half-year high of Yuan 911.5/dmt but market jitters on Thursday led the contract to lose Yuan 40.5/dmt from Wednesday to the end of the daytime session at Yuan 868/dmt. By Friday, the rot had set in, with the price at