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Singapore – Dalian iron ore futures prices rebounded on Thursday, buoyed by hopes of more fiscal stimulus from top consumer China and firmer seasonal demand for steel products.
China’s finance ministry will detail plans on fiscal stimulus to boost the economy at a highly-expected news conference on Saturday, the government’s main information office said on Wednesday, signalling more forceful policies to revive growth. On Thursday, China shares rose at open after the People’s Bank of China kicked off a swap programme aimed at lifting the stock market.
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