China woes bring .ferrous ore, metals down

04.08.2022

Dalian and Singapore iron ore futures fell on Wednesday as a crisis engulfing property developers in China, the world’s top steel producer, outweighed improving margins at mills.

Iron ore’s most-traded September contract on China’s Dalian Commodity Exchange ended volatile daytime trade 0.8% lower at 786.50 yuan ($116.44) a tonne.

On the Singapore...