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Industrial prices in China has been rising across the board this year amid monetary easing around the world to offset the impact of the the coronavirus pandemic and the recovery of Chinese economy.
China's most actively iron ore futures contract surged more than 6 per cent on Friday to close at a new record high of 1,073.5 yuan per tonne, bringing its gains year to date to 66.74 per cent and making it one of the best-performing commodity this year.
The surging iron ore futures prompted the Dalian Commodity Exchange . . .
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