Author: Lalita
-
Chinese iron ore futures pick up amid supply concerns
Dalian’s most traded May iron ore futures today closed higher at RMB 1,059/t amid concerns that inclement weather conditions could disrupt shipments from major supplier Australia. SGX iron ore futures, on the other hand, decreased by $1.54 to $165.95/t. SHFE rebar and HRC futures moved up slightly by RMB 22 and RMB 29, respectively.