Iron ore prices decline on disappointing China PMI data
market hours1 source ↓written by the desknot a recommendation
- Futures dropped
- 1.9%
- per ton
- $104.10
Iron ore prices fell due to concerns over China's economic outlook, with the manufacturing activity gauge expanding less than anticipated. Futures dropped 1.9% to $104.10 per ton on Monday, reflecting weak fundamentals in the sector. This decline may impact traders' sentiment in the commodities market.
Not investment advice. For informational purposes only.