Iron ore futures on the Dalian Commodity Exchange slipped 1.3% on 19 Jul’21, amid concerns related to steel output cuts. Steel futures on the Shanghai Futures Exchange remained range-bound, with China keeping tabs on surging commodity prices and speculation. Closing prices of the most-traded ferrous futures:
- DCE iron ore futures Sept contract closed at RMB 1,225/t ($189) (-RMB 16)
- SGX iron ore futures Aug contract closed at $213.10/t (-0.75)
- SHFE rebar futures Oct contract closed at RMB 5,568/t ($858) (+RMB 9)
- SHFE HRC futures Oct contract closed at RMB 5,926/t ($914) (-RMB 26)
Leave a Reply