Iron ore futures on the Dalian Commodity Exchange (DCE) remained largely stable on strong steel futures. Rebar and HRC futures on the Shanghai Futures Exchange (SHFE) jumped in the afternoon session on positive steel sentiments. Strong fundamentals in the iron ore spot market have been supporting the futures market, as per latest reports. Closing prices of the most-traded futures contracts on 9 Jun’21 are:
- DCE iron ore futures Sep’21 closed at RMB 1,178/t ($184) (+RMB 3)
- SGX iron ore futures July’21 closed at $209/t (+4.55)
- SHFE rebar futures Oct’21 contract closed at RMB 5,168/t ($808) (+RMB 133)
- SHFE HRC futures Oct’21 contract closed at RMB 5,448/t ($852) (+RMB 82)
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