Chinese iron ore futures continued its uptrend amid positive demand outlook for the raw material. DCE’s most traded May contract closed today at RMB 1,061.5/t, higher by RMB 33.5 against yesterday’s closing. Singapore iron ore futures Mar contract increased by $2.6 to close at $159.1/t. Rebar futures climbed by RMB 86/t and HRC futures by RMB 70/t.
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