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
US employment data falls short of expectations, aluminium ingot continues destocking trend this week
