Chinese iron ore futures increased by 1.22% today as data showing strong profit growth at China’s industrial firms added momentum to a demand-driven record-setting rally for the raw material and steel products.
The closing prices of the most-traded iron ore and steel futures contracts on 27 Apr are as follows:
- DCE iron ore futures Sep contract closed at RMB 1,158.5/t (+14)
- SGX iron ore futures May contract closed at $190/t (+2.45)
- SHFE rebar futures Oct contract closed at RMB 5,411/t (+40)
- SHFE HRC futures Oct contract closed at RMB 5,752/t (+15)
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