Iron ore and steel futures in China continue to remain volatile due to unclear market directions, as per latest reports. DCE iron ore futures dropped by 0.7% while SHFE rebar and HRC futures remained largely stable. Closing prices of the most-traded ferrous futures contracts on 24 Jun’21 are:
- DCE iron ore futures Sept contract closed at RMB 1,164.5/t ($180) (-RMB 8.5)
- SGX iron ore futures Jul contract closed at $207.35/t (-2.2)
- SHFE rebar futures Oct contract closed at RMB 4,933/t ($762) (-1)
- SHFE HRC futures Oct contract closed at RMB 5,160/t ($797) (+7)
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