China: Iron ore futures recover after brief fall

Dalian iron ore futures picked up on 29 Sept’21 after witnessing a brief fall yesterday amidst concerns over Chinese power curbs. Steel futures were largely stable.

• DCE iron ore futures Jan’22 contract: RMB 694/t ($107) (+RMB 16)
• SGX iron ore futures Oct contract: $115/t (+$2.15)
• SHFE rebar futures Jan’22 contract: RMB 5,657/t ($875) (+RMB 23)
• SHFE HRC futures Jan’22 contract: RMB 5,697/t ($881) (+RMB 26)