Chinese iron ore futures declines sharply by RMB 22 ($3)

Dalian iron ore futures fell sharply by RMB 22 d-o-d with most traded Jan’21 contract having closed at RMB 771.5/t. Iron ore futures in Singapore Exchange dropped by $3.65 to $113.4/t. SHFE rebar and HRC futures closed at RMB 3,616/t and RMB 3,785/t, respectively.


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