Dalian iron ore futures fell by 9% d-o-d as market participants paused after consecutive spikes that sent the futures (iron ore) prices to historical highs over the past few days.
The closing prices of the most-traded iron ore and steel futures on 13 May are as follows:
- DCE iron ore futures Sep contract closed at RMB 1,216.5/t (-120.5)
- SGX iron ore futures June contract closed at $210.85/t (-15.9)
- SHFE rebar futures Oct contract closed at RMB 5,915/t (-256)
- SHFE HRC futures Oct contract closed at RMB 6,438/t (-245)
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