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Iron ore futures higher

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Update time : 2021-06-29 17:34:01

Iron ore futures in Asia climbed on Monday, supported by a steady decline in portside stockpiles of the steelmaking ingredient in China, the world's top steel producer, Reuters reports.

The most-traded September iron ore on China's Dalian Commodity Exchange gained by 3.2 percent to 1,209.50 yuan (US$187.13) a ton, its strongest since June 21.

The most-active July iron ore on the Singapore Exchange advanced by 1.1 percent at US$213.85 a tonne, its highest since June 15.

Imported iron ore stocked at Chinese ports dropped for a fourth straight week to 123.95 million tons, as of Friday, hitting the lowest since early October, data from SteelHome consultancy showed

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