China: Dalian iron ore futures slump to nine-month low

Iron ore futures on China’s DCE fell 2.6% on 15 Sept’21. China’s steel output decreased for the third straight month in Aug’21 which fuelled demand worries for iron ore. Closing prices:

• DCE iron ore futures Jan’22 contract: RMB 692.5/t ($108) (-RMB 18.5)
• SGX iron ore futures Oct contract: $116.05/t (-$4.2)
• SHFE re-bar futures Jan’22 contract: RMB 5,518/t ($857) (+RMB 26)
• SHFE HRC futures Jan’22 contract: RMB 5,694/t ($885) (+RMB 5)