The top-traded May iron ore futures on the Dalian Mercantile Exchange closed at 890.5 yuan ($129.27) per tonne, down 2.04% in the afternoon, and from March 29th after jumping around 5% last week. It was the lowest level since.
On the Singapore Stock Exchange, May iron ore decreased 3.77 percent to $120.6 per tonne and hit its lowest level since March 27 after increasing 5.1% last week.
Coking coal and coke also decreased. Coking coal fell by 3.76% and coke by 3.74%.
Steel futures prices also showed signs of weakening overall. On the Shanghai Futures Exchange, rebar prices decreased 3.14 percent to 4,044 yuan per tonne, hot rolled coil 2.7 percent and wire rod 3.41%, down 3.14%. However, there was little fluctuation in stainless steel prices.
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