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China’s iron ore futures hit lowest in ten weeks on weak demand outlook

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Iron ore futures in China sank to their lowest in 10 weeks on Wednesday, extending losses along with coke, after mining giant BHP Group gave a gloomy outlook for the prices of the steelmaking raw material.

The most-traded iron ore on the Dalian Commodity Exchange , for January 2020 delivery, fell for a fifth session in a row, closing down 4.3 per cent at 589.50 yuan a tonne, its weakest finish since June 10. It slid as much . . .

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