Iron-ore sinks toward test of $100 as plenum fails to inspire

Iron-ore dropped to near the $100 a ton threshold as a policy meeting in China failed to deliver major stimulus, while supplies remained robust.

The steelmaking material fell as much as 2.3% to $101.10 in Singapore, with futures on track for a third day of losses. The outcome of the Third Plenum, a twice-a-decade conclave of Communist Party officials last week, underwhelmed investors, with few steps to boost metals demand or fix the property crisis.