June 24 (Reuters) - Dalian iron ore futures edged higher on Friday after a record 10-session slide, but prices in Singapore remained pressured by a gloomy outlook for demand from top steel producer China.
The most-traded September iron ore contract on China's Dalian Commodity Exchange DCIOcv1 ended wobbly daytime trade 1% higher at 736 yuan ($109.90) a tonne. The benchmark contract has slumped 11% this week, its steepest since mid-February.
On the Singapore Exchange SZZFN2, the steelmaking ingredient's front-month July contract was down 1% at $115 a tonne, as of 0709 GMT.
SGX iron ore climbed 7.4% on Thursday, rebounding from this year's weakest close in the previous session, after Chinese President Xi Jinping pledged to take more effective measures to achieve the country's economic and social development goals.
Xi's remarks also buoyed the spot market, with the benchmark 62%-grade iron ore bound for China trading at $117.50 a tonne on Thursday. It had dropped to $112.50 the day before, the lowest since Dec. 10, according to SteelHome consultancy data. SH-CCN-IRNOR62
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