Iron ore futures in China fell on Thursday as concerns over the economic slowdown and real estate distress continued.
January's top traded iron ore on the Dalian Commodity Exchange fell 0.9 percent in daytime trading to 811 yuan ($111.39) per ton. In addition, coking coal DJMcv1 decreased by 1.4% and coke DCJcv1 decreased by 1.7%.
The steelmaking ingredient’s most-active September contract on the Singapore Exchange was down 1.4% at $111.65 per metric ton, as of 0818 GMT, after gaining for five straight sessions and scaling a four-week peak earlier in the day.
In Shanghai, rebar SRBcv1 fell 1.2% and hot rolled coil SHHCcv1 fell 1.6%; wire rod SWRcv1 posted an increase of 2.9%.