Iron ore futures on the Dalian Commodity Exchange (DCE) and Singapore Exchange (SGX) revealed mixed trends ahead of the upcoming monsoon season. DCE iron ore futures moved down by 2% d-o-d and steel futures on the Shanghai Futures Exchange (SHFE) slided 1%. The closing prices of the most-traded ferrous futures contracts on 04 June’21 are:
- DCE iron ore futures Sep’21 contract closed at RMB 1,168.5/t ($182) (-RMB 25.5)
- SGX iron ore futures July’21 contract closed at $193.2/t (-7.6)
- SHFE rebar futures Oct’21 contract closed at RMB 5,159/t ($805) (+RMB 11)
- SHFE HRC futures Oct’21 contract closed at RMB 5,434/t ($848) (-RMB 56)
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