Author: Lalita
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China: Iron ore futures rise on robust demand despite COVID-19 led disruptions
Iron ore futures in Dalian Commodity Exchange remained supported by supply concerns and China’s robust steel demand. Today, the most traded DCE May’21 futures closed higher at RMB 996/t, up RMB 12 against yesterday. Iron ore futures in Singapore Exchange remained almost stable at $158.3/t. SHFE HRC futures jumped by RMB 118 to close at…