China iron ore keeps sliding.
Most ferrous metals in China's futures markets remained under pressure on Wednesday, with iron ore extending its slide for the fifth session to its weakest in six weeks, amid the spectre of rising supply and weakening demand.
The most-traded iron ore on the Dalian Commodity Exchange, for January 2020 delivery, slumped as much as 5.7 percent to 658 yuan ($93.46) a tonne, the weakest intraday level since June 26. It ended down 5.4 percent at 660.50 yuan after flirting with the day's downside limit. Slipping into bear-market territory, spot cargoes of benchmark 62percent iron ore...
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