Concerns Over Weakening Chinese Demand... Iron Ore Futures Down 12%
[Asia Economy Reporter Kim Hyunjung] Due to concerns over weakening demand in China, iron ore futures prices on the Singapore Exchange fell to their lowest level in two months.
As of 7:38 AM local time on the 25th, iron ore futures on the Singapore Exchange were trading at $138.90 per ton, down 7.9%.
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Earlier, residents of Chaoyang District in Beijing, China, reportedly began a mandatory three-day nucleic acid testing starting that day to contain the rapidly spreading COVID-19 in the area.
This content was produced with the assistance of AI translation services.
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