China’s iron-ore futures hit the upside limit on Monday as declining stockpiles at ports indicated steel mills’ improving appetite for the raw material, while expectations grew Beijing will roll out further support for its paralysed economy. iron-ore on the Dalian Commodity Exchange ended up 5.8% at 653 yuan ($93.70) a tonne, after hitting the daily limit of 6% shortly before the close. Futures on the Singapore Exchange climbed as much as 5.6%.
