Iron ore rises 1.04% on Dalian, but analysts see limited upside on oversupply

Iron ore futures on the Dalian Exchange rose 1.04% to 727 yuan/ton, supported by high freight costs and pre-Golden Week restocking. However, Baocheng Futures analysts expect limited short-term gains due to excess supply, which will cap prices. The development signals a modestly positive but constrained outlook for iron ore prices.