Chinese iron ore futures surged 4 percent to their highest in a week on Monday, buoyed by
expectations that demand in the world's top consumer could pick up in the first quarter and as the rainy season curbs supply from South America.
The most traded iron ore futures, for May, on the Dalian Commodity Exchange climbed more than 4 percent to a session peak of 321.5 yuan ($48.87) a tonne, the highest since
Jan. 7. That was the biggest daily rise in more than four months.
This contract was trading up 3.9 percent, at 320 yuan a tonne by the midday break, after dropping for the past two weeks to near its lowest level since at least 2008.
Nenhum comentário:
Postar um comentário