The most traded May iron ore futures contract in DCE today fell by RMB 43.5 to RMB 933.5/t due to slowdown in trading activities ahead of the Lunar New Year holidays. The front-month iron ore futures contract for Mar delivery in Singapore Exchange also declined by $6.65 to $148.05/t. Rebar and HRC futures of most-active May contract in Shanghai Futures Exchange decreased by RMB 67/t and RMB 35/t respectively.
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