Affected by China’s pre-holiday purchases, iron ore prices soared by more than 10%
:  : Oct 07,2021
September 30 (Reuters)-On Thursday, iron ore futures rose to their highest level in three weeks as China's demand for steelmaking raw materials is expected to recover in the fourth quarter. Since July, China's demand for steelmaking raw materials has been largely hit by steel production restrictions.
However, the most liquid Dalian iron ore will experience its first quarterly loss in nearly two years and fall for the third consecutive month. Since reaching a record high in mid-May, it has fallen by about 40%.

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