China: Iron ore futures range-bound on dull demand outlook

Iron ore futures on Dalian Commodity Exchange remained largely stable d-o-d on dull demand outlook due to production controls.

• DCE iron ore futures Jan’22 contract: RMB 736/t ($114) (+RMB 5)
• SGX iron ore futures Nov contract: $124.25/t (+$2.25)
• SHFE rebar futures Jan’22 contract: RMB 5,465/t ($849) (+RMB 44)
• SHFE HRC futures Jan’22 contract: RMB 5,666/t ($880) (+RMB 47)