Energy Markets
Fading China optimism hits iron ore prices, but not yet volumes: Russell
China's iron ore futures suffered their worst oneday rate drop for practically 2 years on Monday, however the vaporizing optimism in the market has yet to appear in imports of the crucial basic material for making steel. Contracts on the Dalian Commodity Exchange ended day trading on Monday at 723.5 yuan ($ 101.83) a metric lot, 4.83% below the previous close and the largest daily loss because Oct. 31, 2022. The weak point was mirrored by Singapore Exchange futures , which closed at $96.60 a load, down 2.13% from the prior close and the lowest considering that Aug. 16. The...