China: Iron ore futures gather pace on improved margins

Iron ore futures on the Dalian Commodity Exchange continued to rise on improved steel margins buoying demand prospects. Closing prices:

• DCE iron ore futures Jan’22 contract: RMB 797.5/t ($124) (+RMB 35)
• SGX iron ore futures Oct contract: $135.30/t (+9.55)
• SHFE rebar futures Jan’22 contract: RMB 5,808/t ($901) (+RMB 58)
• SHFE HRC futures Jan’22 contract: RMB 5,833/t ($905) (+RMB 20)