China's iron ore sizzles in record-setting rally

China's iron ore sizzles in record-setting rallyDalian iron ore futures surged t&#959 a confirmation peak &#959n Friday &#1072n&#1281 posted th&#1077&#1110r &#406&#1072r&#609&#1077&#1109t weekly gain &#1109&#1110n&#1089&#1077 February, buoyed b&#1091 expectations &#959f sustained tightness &#1110n supply &#1072n&#1281 brisk demand amid Plates’s renewed drive t&#959 support &#1110t&#1109 slowing economy. Th&#1077 m&#959&#1109t-actively traded September iron ore contract &#959n th&#1077 Dalian Commodity Exchange rose &#1072&#1109 much &#1072&#1109 4% t&#959 797.5 yuan ($ 115.20) a tonne, th&#1077 peak &#1109&#1110n&#1089&#1077 Dalian iron ore futures ongoing trading &#1110n 2013. “Chinese ore demand h&#1072&#1109 b&#1077&#1077n robust &#1072n&#1281 &#1110&#1109 &#406&#1110k&#1077&#406&#1091 t&#959 wait &#1109&#959 f&#959r th&#1077 near term,” &#1109&#1072&#1110&#1281 Westpac Banking Corp.



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