Dalian Commodity Exchange (DCE) iron ore futures fell by 4% (d-o-d) as steel prices extended declines amid further curbs by the Chinese government. Meanwhile, steel futures in the Shanghai Futures Exchange (SHFE) dropped by 5% in today’s session. The closing prices of the most-traded iron ore and steel futures contracts on 19 May’21 are:
- DCE iron ore futures Sep’21 contract closed at RMB 1,192.5/t ($185) (-RMB 50)
- SGX iron ore futures June’21 contract closed at $205.35/t (-9.15)
- SHFE rebar futures Oct’21 contract closed at RMB 5,309/t ($825) (-RMB 301)
- SHFE HRC futures Oct’21 contract closed at RMB 5,678/t ($882) (-RMB 302)
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