Iron ore futures fall to five-week low on higher global supply
The most-traded January Dalian contract touched 700 yuan, its lowest since Aug. 20, while the Singapore benchmark fell 0.37%.
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Dalian iron ore falls to 5-week low on higher global supply
By Emily Ou YongIron ore futures fell to a five-week low on Monday, as ample global supply, rising Chinese port inventories and steel mills cutting output on deepening losses pressured prices.The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) COMEX:TIO1! traded 0.9…