Iron ore holds tight range as freight costs offset weak demand
Iron ore futures traded in a narrow range Tuesday as rising freight costs supported prices while a weak near-term demand outlook pressured them. The January DCE contract rose 0.14% to 716.5 yuan ($107...).
Iron ore futures traded in a narrow range on Tuesday, with support from rising freight costs offsetting pressure from a weak near-term demand outlook. The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) COMEX:TIO1! 5 yuan ($107…).