Iron ore rises in early Asian trading. The metal is expected to trade in a volatile range, Galaxy Futures analysts say in a commentary. Underlying fundamentals remain weak, with global shipments still relatively ample, portside inventories staying structurally elevated, and steel demand in China continuing to soften, they say. The most-traded iron ore contract on the Dalian Commodity Exchange is up 0.5% at 740.50 yuan a ton. (jason.chau@wsj.com)
Dow Jones Newswires
Iron Ore Rises; High Inventories, Soft Demand May Weigh — Market Talk
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Iron ore rises in early Asian trading. The metal is expected to trade in a volatile range, Galaxy Futures analysts say in a commentary. Underlying fundamentals remain weak, with global shipments still relatively ample, portside inventories staying structurally elevated, and steel demand in China co…