Iron ore futures (Jan’21 contract) in Dalian Commodity Exchange jumped today by RMB 8 to RMB 854.5/t, the highest in two weeks on expectations of a further pick up in steel demand in China. Singapore Sep’20 futures observed marginal increase by $1.08 to close at $125.73/t. Rebar futures in China also picked up by RMB 4 and closed at RMB 3,778/t.
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