DCE iron ore futures move higher on demand outlook

Iron ore futures Jan’21 contract in Dalian Commodity Exchange closed today at RMB 846.5/t, up RMB 2.5 d-o-d on steel demand optimism. Sep iron ore futures in Singapore Commodity Exchange slipped marginally to close at $121.89/t. Rebar futures in China’s Shanghai Exchange inched lower to RMB 3,774.


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