Fossil Fuels
Iron ore prices fall as investors focus on coking coal
Iron ore futures fell on Wednesday as investors shifted their focus from iron ore to coking coal due to concerns about the demand for iron ore in China, its largest consumer. As of 0712 GMT, the benchmark September iron ore traded on Singapore Exchange fell 0.7% to $100.75 per metric ton. The daytime trading price of the most traded September iron ore contract at China's Dalian Commodity Exchange was 794.5 Yuan ($110.52) per ton, down by 0.06%. Cao Ying is a Beijing analyst with broker SDIC Futures. She said that the buying in the spot market has been weak because...