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Iron ore dropped on Monday, markets digesting China's trade data which added to indications that demand for the metal could decline amid a negative outlook on output and pollution reduction measures. Trade data showed imports slowed the lowest level in 12 months in May. China has also targeted speculators in a bid to reduce inflation pressures led by commodity gains. Iron ore currently up 0.83% in Singapore after falling 2.6% on Monday and over 1% on Friday.