(May 6): Iron ore rose to the highest since October 2024 as China’s markets reopened after a five-day holiday.
Futures advanced as much as 1.6% in Singapore to US$110.25 a tonne, as the market saw a boost from strong buying on China’s domestic exchange as trading resumed.
The move followed the open of futures trading on the Dalian Commodity Exchange. Onshore prices advanced 1.8% to 810.5 yuan, after being up as much as 2.5% earlier.
Iron ore climbed 1.3% to US$109.90 a tonne as of 10.11am in Singapore. Rebar and hot-rolled coil futures in Shanghai both climbed.
Uploaded by Arion Yeow
