China's iron ore futures hit the lowest level since April on Tuesday amid weakening demand and recovering supply.
The most-traded iron ore futures contract on the Dalian Commodity Exchange, for September delivery, tumbled as much as 6% to hit 755.5 yuan per tonne on Tuesday, before closing the day at 779 yuan per tonne, marking the lowest close since April this year.
SIGN INÂ OR SUBSCRIBE TO GET UNLIMITED ACCESS.Â