Iron ore futures on the Dalian Commodity Exchange (DCE) picked up 2% on 11 Aug’21. Steel futures on the Shanghai Futures Exchange (SHFE) also increased with rebar futures going up by 1.8% and HRC by 0.7%, as per SteelMint assessment. Closing prices of the most-traded ferrous futures contracts:
- DCE iron ore futures Jan’22 contract closed at RMB 871.5/t ($134) (-RMB 18.5)
- SGX iron ore futures Sept contract closed at $163.8/t (+4.05)
- SHFE rebar futures Oct contract closed at RMB 5,597/t ($863) (+RMB 160)
- SHFE HRC futures Oct contract closed at RMB 5,901/t ($910) (+RMB 45)
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