Iron ore futures reached to its highest since 21 Sep’20 amid concerns of supply disruptions due to coronavirus outbreak on a bulk carrier at Port Hedland. DCE’s most traded Jan’21 contract increased by RMB 28.5 to RMB 809/t. Singapore futures climbed by $4.47 to close at $121.42/t. SHFE rebar futures surged by RMB 24 to RMB 3,560/t while HRC futures closed at RMB 3,692/t.
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