Iron ore futures on the Dalian Commodity Exchange (DCE) continue to drop as China intensifies efforts to rein in surging raw material prices, while growing concerns about inflation have sparked a broad retreat across ferrous markets. The closing prices of the most-traded iron ore and steel futures contracts on 20 May’21 are:
- DCE iron ore futures Sep’21 contract closed at RMB 1,142.5/t ($177) (-RMB 50)
- SGX iron ore futures June’21 contract closed at $200.60/t (-4.55)
- SHFE rebar futures Oct’21 contract closed at RMB 5,186/t ($806) (-RMB 123)
- SHFE HRC futures Oct’21 contract closed at RMB 5,555/t ($863) (-RMB 123)
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