July 3 - Iron ore futures prices rose for a fourth straight session on Wednesday to their highest level in four weeks, supported by firm near-term demand in top consumer China and lingering expectations of more stimulus in coming weeks.
“The positive signals from the property sector stimulus have improved market sentiment and helped drive ferrous prices up,” analysts at Huatai Futures said in a note. Transaction volumes of portside iron ore climbed by nearly 28% from Monday to 1.12 million tons on Tuesday, data from consultancy Mysteel showed.
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