Chinese iron ore futures today closed lower, dropping by 1.5% on a d-o-d basis. Meanwhile, steel futures continued its uptrend with HRC futures jumping 3.2% and rebar futures increasing by 1.2% d-o-d.
The closing price of the most-traded iron ore and steel futures on 11 May are as follows:
- DCE iron ore futures Sep contract closed at RMB 1,306.5/t (-19.5)
- SGX iron ore futures June contract closed at $220.75/t (-1.1)
- SHFE rebar futures Oct contract closed at RMB 6,026/t (+74)
- SHFE HRC futures Oct contract closed at RMB 6,540/t (+205)
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