China: Benchmark iron ore futures rebound after two consecutive declines

China’s DCE iron ore May ’21 futures today increased by RMB 9.5 to close at RMB 1036/t while Singapore iron ore Jan ’21 futures moved up by $3.14 d-o-d. Steel futures in Shanghai Futures Exchange remained range-bound with rebar futures closing at RMB 4,291/t and HRC futures closing at RMB 4,584/t.


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