Chinese iron ore futures today saw an uptick with the most-active contract in Dalian Commodity Exchange (DCE) switching to Sep ’21 from previous contract of May. Steel futures trading in Shanghai Futures Exchange (SHFE) also gained on hopes of rising steel consumption in China. The closing prices of most-actively traded iron ore and steel futures on 01 Apr ’21 are as follows:
- DCE iron ore Sep contract closed at RMB 975.5/t (+44.5)
- SGX iron ore May contract closed at $158.15/t (+2.65)
- SHFE rebar May contract closed at RMB 5,003/t (+68)
- SHFE HRC May contract closed at RMB 5,467/t (+84)
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