Iron ore broke above $100 a ton for the first time in seven weeks as traders unwound bets that favored coking coal, adding to support from expectations for pre-holiday restocking in China and high freight costs.
Iron Ore Tops $100 on Position Unwinds and China Buying Hopes
Iron ore broke above $100 a ton for the first time in seven weeks as traders unwound bets that favored coking coal, adding to support from expectations for pre-holiday restocking in China and high freight costs.
This article was originally published by
Bloomberg Markets
and is republished here under license.
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