Iron ore futures in China today reached its highest level on strong demand for steel products and concerns over production curbs. Rebar and HRC futures trading in Shanghai Futures Exchange also witnessed a hike of 1.3% and 2.6% respectively, hitting an all-time high. The closing prices of the most-traded iron ore and steel futures contract on 26 Apr are as follows:
- DCE iron ore futures Sep contract closed at RMB 1,144.5/t (+40)
- SGX iron ore futures May contract closed at $187.55/t (+6.35)
- SHFE rebar futures Oct contract closed at RMB 5,371/t (+72)
- SHFE HRC futures Oct contract closed at RMB 5,737/t (+147)
Leave a Reply