SINGAPORE- Dalian iron ore futures traded flat on Monday as traders weighed the easing supply concerns and lagging steel demand against improving market sentiment in top consumer China.
The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) held steady, ending morning trade at 799.5 yuan ($109.29) a metric ton.
The benchmark February iron ore on the Singapore Exchange was 0.44 percent lower at $103.4 a ton.
Australia’s Port Hedland, the world’s largest iron ore export hub, has resumed operations after cyclone Sean moved away from the port, the Pilbara Ports Authority said.