Dalian iron ore futures today continued its uptrend on the back of strong demand outlook for 2021. Dalian’s most traded May ’21 iron ore futures ended up closing at RMB 1,026/t. In Singapore Exchange, iron ore futures Jan ’21 contract increased by $1.82 to $156.76/t. SHFE rebar futures noted a rise of RMB 27 while HRC futures increased by RMB 28 on a d-o-d basis.
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