Iron ore prices rose as concerns over China's economic slowdown eased, supported by steps taken by the world's largest iron ore buyer to curb demand for coal and other steel commodities.<\/p>\n
Analysts said higher fees charged by the Dalian Commodity Exchange (DCE) for trading coal and coking coal futures prompted investors to shift their money towards iron ore.<\/p>\n
Iron ore prices for delivery at China's Chengdu port rose to $74.12 per metric ton Thursday, the highest since November 2014 and up 94% from December lows, according to Metal Bulletin Ltd. .<\/p>","protected":false},"excerpt":{"rendered":"
Reading time: <\/span> < 1<\/span> Minute<\/span><\/span>Iron ore prices posted a notable rise as concerns over a slowdown in the Chinese economy eased, buoyed by measures taken by the world\u2019s largest iron ore buyer to curb demand for coal, other commodities, and steel. Analysts said that the increase in fees imposed by the Dalian Commodity Exchange (DCE) on trading in thermal coal futures contracts \u2026 Read 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