China’s National People’s Congress (NPC) Standing Committee is meeting over Nov. 4-8 and all eyes are on whether more stimulus measures would be unveiled to spur the economy.
The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 0.78% lower at 766 yuan ($107.69) a metric ton, as of 0238 GMT. The benchmark December iron ore on the Singapore Exchange slid 1.01% to $101.7 a ton, as of 0242 GMT. It hit the lowest since Oct. 25 at $101.25 a ton earlier in the session.
Shanghai Metals Market repeats witness on aluminium and alumina prices going opposite directions
Aluminium prices rise across the board on SMM, defying previous week’s declining trend
