DCE iron ore futures today surged over 3.5% on strong demand optimism after holidays. The same in SGX futures rose by as much as 4.7%. Steel futures however, saw an increase by nearly 1% in today’s session. The closing prices of the most-traded iron ore and steel futures on 07 May are as follows:
- DCE iron ore futures Sep contract closed at RMB 1,226.5/t (+42.5)
- SGX iron ore futures June contract closed at $204.3/t (+4.7)
- SHFE rebar futures Oct contract closed at RMB 5,678/t (+13)
- SHFE HRC futures Oct contract closed at RMB 5,999/t (+64)
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