China: Iron ore futures rise as trading resumes after holidays

Iron ore and steel futures in China rose as the market opened and trading activity resumed after the Golden Week holidays. Closing prices:

• DCE iron ore futures Jan’22 contract: RMB 762.5/t ($118) (+RMB 41)
• SGX iron ore futures Nov’21 contract: $124.55/t (+$6.9)
• SHFE rebar futures Jan’22 contract: RMB 5,750/t ($892) (+RMB 44)
• SHFE HRC futures Jan’22 contract: RMB 5,813/t ($902) (+RMB 100)