June 21 (Reuters) - Singapore iron ore futures rebounded on Tuesday after a run of sell-offs triggered by pessimism over demand from top steel producer China, but prices in Dalian remained under pressure.
The steelmaking ingredient's front-month July contract on the Singapore Exchange SZZFN2was up 2.7% at $113.95 a tonne, as of 0702 GMT, after an eight-session slump that wiped out this year's gains.
On China's Dalian Commodity Exchange, the most-traded September iron ore contract DCIOcv1ended daytime trade 3.1% lower at 749 yuan ($111.85) a tonne, after earlier hitting 728.50 yuan, its lowest since March 2.
A growing number of Chinese steel producers are idling blast furnaces due to sluggish demand and weak profits, which may persist for some more time as the rainy season disrupts construction activity and COVID-19 lockdown risks remain.
Entering the Chinese New Year holiday, market trading is sluggish
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