China’s iron-ore jumped the most in nearly two weeks on Monday, rallying along with other steelmaking raw materials, amid limited supply as stocks at the country’s ports shrank further, while demand could pick up again.
The most-actively traded iron ore contract on the Dalian Commodity Exchange gained 3.2% to 729.5 yuan ($105.24) a tonne, pulling away from a three-week low hit on Thursday, before the market closed for a three-day weekend.