China: Iron ore and rebar futures continue to fall

DCE iron ore futures fell by RMB 3.5 as stockpiles increase in Chinese ports. Most traded Jan’21 contract closed at RMB 772.5/t. Futures in Singapore fell by $2.25 to $113.5/t. SHFE rebar futures fell marginally and closed at RMB 3,537/t while HRC futures in SHFE declined to RMB 3,652/t.


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