China's iron ore futures plunged as much as 3.1% in early trade on November 11, cooling for a fourth session as demand declined amid a weakening manufacturing sector.
The most-traded iron ore futures on the Dalian Commodity Exchange, for January 2020 delivery, fell 2.1% to 594 yuan/t ($84.93/t).
China posted its biggest decline in producer prices in more than three years in October, dragged down by cooling demand in the manufacturing sector and a knock from the Sino-US trade friction.
The construction steel rebar on the Shanghai Futures Exchange, dived 1.3% to 3,368 yuan/t, the lowest since mid-October.
Hot-rolled coil, used in cars and home appliances, for January delivery, faltered 1.1% to 3,318 yuan/t.
Steel inventories in China stood at 8.9 million tonnes as of November 7, the lowest level since January 11, data showed.
Dalian coking coal, for January delivery, edged down 0.4% to 1,230 yuan/t.
Dalian coke slumped 2.1% to 1,714 yuan/t.
Shanghai stainless steel futures plunged 3% to 14,405 yuan/t.
Benchmark spot 62% iron ore for delivery to China fell to $82/t on November 8.
(Writing by Tian Zhang Editing by Tammy Yang)
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