Iron Ore at More than 6-Week Low on Mounting US Tariff Tensions.
Iron ore futures fell for a sixth straight session on Monday amid rising trade tensions between the U.S. and top consumer China, outweighing upbeat Chinese manufacturing data. The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trade 2.81% lower at 779.5 yuan ($106.91) a metric ton. Earlier in the session, prices hit 777.5 yuan, the lowest since January 14.
- The escalating US-China trade tensions are having far-reaching consequences for global commodity markets, particularly those that rely heavily on Chinese demand and supply chains.
- How will the ongoing trade tensions impact the sustainability of China's economic recovery, which appears to be gaining momentum despite recent sluggish growth data?