Iron ore futures on Dalian Commodity Exchange (DCE) today, 14 Jul’21, dropped by 0.4% amidst concerns over demand for the steelmaking raw material in China. However, steel futures on the Shanghai Futures Exchange (SHFE) rose by 2.2% in today’s trading session. Closing prices of the most-traded ferrous futures contracts:
- DCE iron ore futures Sept contract closed at RMB 1,219.5/t ($188) (-RMB 5.5)
- SGX iron ore futures Aug contract closed at $209.75/t (-0.7)
- SHFE rebar futures Oct contract closed at RMB 5,580/t ($862) (+RMB 122)
- SHFE HRC futures Oct contract closed at RMB 5,999/t ($927) (+RMB 132)
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