Iron ore futures trading in Dalian Commodity Exchange (DCE) today closed higher as downstream steel demand pick up. The same in Singapore Exchange (SGX) gained by 2% d-o-d. Meanwhile, steel futures in Shanghai Futures Exchange (SHFE) decreased slightly, as per SteelMint assessment. The closing prices of iron ore and steel futures on 07 Apr ’21 are as follows:
- DCE iron ore Sep contract closed at RMB 993.5/t (+22.5)
- SGX iron ore May contract closed at $164.5/t (+3.35)
- SHFE rebar May contract closed at RMB 5,127/t (-53)
- SHFE HRC May contract closed at RMB 5,527/t (-39)
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