Dalian iron ore futures rose for a third consecutive session on Thursday, helped by tight inventories and expectations of higher Chinese demand despite an uncertain outlook. The most-traded May iron ore on China’s Dalian Commodity Exchange (DCE) rose 1% to 944.5 yuan ($132.18) per metric ton as of 0250 GMT. On the Singapore Exchange, the benchmark January iron ore was up 0.2% at $133.91 a metric ton, snapping a three-day losing streak. China’s state-backed DCE on Wednesday set a limit on daily trading volumes for iron ore futures at no more than 500 lots on contracts for January to May 2024 delivery. The rebound in ... (full story)