In Dalian, the iron ore contract for January delivery fell as much as 2.9% to 827 yuan per tonne, the lowest since 11 September.
The benchmark November contract for the steelmaking component fell 2.3% to trade at $112.25 a tonne on the Singapore Exchange.
Analysts said strong third-quarter earnings, coupled with China's slowing economy and stimulus measures for its struggling property sector, suggested iron ore prices could weaken in the near term.
Comments
No comment yet.