Iron ore prices continue to fall as stocks increase in China.
The most traded May iron ore contract on China's Dalian Commodity Exchange was down 0.52% in daytime trading, reversing its course at the beginning of the session and was recorded at 951.5 yuan ($132.20) per metric ton. Additionally, coking coal DJMcv1 fell 4% and coke DCJcv1 fell 3%.
On the Singapore Exchange, the March iron ore SZZFH4 reference indicator fell 2.91% to $127.45 per tonne.
While rebar SRBcv1 and hot rolled coil SHHCcv1 fell 1.0% and 0.88% on the Shanghai Futures Exchange; wire rod SWRcv1 increased by 0.52% and stainless steel SHSScv1 increased by 0.55%.
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