Dalian iron ore price hits 17-month high on China demand optimism.
Iron ore futures climbed more than 3% on Friday, with Dalian prices hitting their highest in 17 months and stretching gains for the week on continued optimism about demand prospects in top steel producer China.
Iron ore’s most-traded May contract on China’s Dalian Commodity Exchange ended daytime trade 3.4% higher at 881 yuan a tonne, after earlier touching its highest since August 2021 at 883 yuan.
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