China iron ore recovers from four-day loss on lower shipments and arrivals, outlook remains bleak

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Benchmark iron ore futures on China’s Dalian Commodity Exchange recovered from four consecutive sessions of losses on Tuesday, gaining over 1 per cent on falling shipments from major suppliers.

The most-traded iron ore contract on the Dalian Commodity exchange, for January delivery, gained as much as 1.3 per cent to hit 718 yuan ($111.26) per tonne in the morning session on Tuesday, before closing the morning session at 714 yuan per tonne.

Spot prices of iron ore with 62 percent iron content for delivery to China , compiled by SteelHome consultancy, were . . .

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