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Iron ore, steel rally in China as speculators return

Posted on 23 November 2016

Iron ore and steel are resuming their rally in China as investors return to the market to pick up commodities made cheaper after days of steep losses, but a shaky demand outlook suggests the gains will again be fleeting.
Iron ore futures on the Dalian Commodity Exchange have surged 6 per cent to their upside limit at 580.50 yuan ($114). Construction steel rebar on the Shanghai Futures Exchange has also jumped 6 per cent to hit its exchange-set ceiling at 2900 yuan a tonne………………………………………Full Article: Source


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