BEIJING, July 1 (Reuters): Iron ore futures prices rose on Monday to their highest levels in nearly two weeks, helped by better-than-expected factory data in top consumer China and hopes of more stimulus measures in the world's second-largest economy later this month.
The most-traded Septe-mber iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trade 2.5 per cent higher at 840 yuan ($115.58) a metric ton, the highest level since June 18.
The benchmark August iron ore on the Singapore Exchange was nearly 1.7 per cent higher at $108.4 a ton, as of 0707 GMT, the highest since June 20.
The Caixin/S&P Global manufacturing purchasing managers' index (PMI) rose to 51.8 in June from 51.7 in the previous month, marking the fastest clip since May 2021 and surpassing analysts' forecasts of 51.2.
Iron ore at almost 2-week high
FE Team | Published: July 01, 2024 20:59:05
Iron ore at almost 2-week high
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