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Iron Ore Falls on Demand Concerns

Iron ore futures fell toward CNY 700 per ton, hovering near 14-month lows amid persistent concerns over demand in top consumer China. Recent data showed China’s new yuan loans posted a record contraction in July as seasonal factors and weak household credit demand weighed on lending activity. This points to subdued property and infrastructure investment, ...

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UK Natural Gas Rises Further on Supply Risks

UK natural gas prices rose above 154 pence a therm on Monday, reaching a fresh three-week high amid continued disruption to LNG supplies from the Gulf as US-Iran negotiations stalled.

  • UK natural gas hits three-week high of 154 pence per therm.
  • Supply disruptions from Gulf LNG shipments and geopolitical tensions.
  • Israeli strikes and US sanctions raise concerns about Strait of Hormuz.

Palm Oil Climbs to Highest Level Since April

Malaysian palm oil futures surged over 2% to around MYR 4,820 per tonne, marking their highest level since early April and rebounding from recent weakness.

  • Malaysian palm oil futures hit 10-month high of MYR 4,820 per tonne on July 1
  • Demand increased due to India importing edible oils at 10-month high that month
  • Malaysia's palm oil inventories reached five-month high as output exceeded exports

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