Chinese ferrous futures market remains stable

Iron ore and steel futures market in China today remained stable with prices staying range-bound on a d-o-d basis. The closing prices of the most-traded iron ore and steel futures on 16 Apr are as follows:

  • DCE iron ore futures Sep contract closed at RMB 1,046/t (-2)
  • SGX iron ore futures May contract closed at $171.35/t (-0.6)
  • SHFE rebar futures Oct contract closed at RMB 5,116/t (+9)
  • SHFE HRC futures Oct contract closed at RMB 5,413/t (+20)

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