Iron Ore: Iron ore extends gain on China’s property sector support, supply worry
BEIJING: Iron ore futures extended gains for a second session on Tuesday, as sentiment was boosted by Beijing's latest support to the property sector and lingering concerns over possible supply disruptions. The most-traded January iron ore on China's Dalian Commodity Exchange (DCE) added 2.6% to 985 yuan ($136.59) a metric ton, as of 0238 GMT. The benchmark December iron ore on the Singapore Exchange rose 1.95% to $133.65 a ton, as of 0249 GMT. Chinese regulators are drafting a list of 50 real estate developers eligible for a range of funding, Bloomberg News reported on Monday, citing people familiar with the matter. China's CSI 300 Real Estate Index climbed over 3% in the morning session. Driving up prices of the key steelmaking ingredient is also lingering concern over near-term disrupt...