Iron-ore prices flat as China demand counters Australia supply outlook
Iron-ore futures prices flitted within a tight range on Tuesday, as traders weighed resilient near-term demand in China against the potential of improved supply from top producer Australia. The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 held its ground at 706.5 yuan ($98.45) a metric ton, as of 03:10 GMT.
Iron-ore futures prices flitted within a tight range on Tuesday, as traders weighed resilient near-term demand in China against the potential of improved supply from top producer Australia.
The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 held its ground at 706.5 yuan ($98.45) a metric ton, as of 03:10 GMT.
