Dalian iron ore futures prices hit nearly four-month highs on hopes of boosting the economy in China and lower inventories

Dalian and Singapore iron ore futures held their gains for the fourth day on the back of rising expectations for a boost to the economy in China after falling exports as well as declining inventories at both factories and ports.
Iron ore futures for September delivery, the most heavily traded contract on the Dalian commodity exchange
TIO1!
It rose 2.54% to trade at 849 yuan ($119.02) per metric ton, the highest since March 17.
Iron ore futures (SZZFQ3) for August delivery, the contract traded on the Singapore stock exchange, rose 3.58 percent to $113.85 per metric ton, the highest level since April 11th.
Iron ore inventories at 247 steelmakers fell 1.3 percent week on week to 85.22 million metric tons as of July 14, while inventories at 45 ports fell 1.1 percent to 124.95 million metric tons for the fourth week in a row, according to Mysteel consulting data.
Dalian coke futures prices
A
ACT1!
Coke futures prices (DCJcv1) rose 1.98%, while rose 2.85%.
Ribbed steel on the Shanghai futures exchange
R
RBF1!
prices rose 1.59%.
Hot rolled steel (HRC) coil
EHR1!
prices 1.39%, stainless steel
HRC1!
prices rose 0.03%.
#Bykaranteli# #GateioBountyCreator# #ContentStar# #BountyCreator# #GateioTurns10# #CryptoObserves# #contentcreator# #NewsMessenger#
#HotTopicDiscussion#
#MyFancyCreator# #bitcoin# #Beauty# #Ethereum Square#