Author: Lalita
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Benchmark Chinese iron ore futures extend losses
China’s benchmark iron ore futures trading in Dalian Commodity Exchange today fell by RMB 26.5/t with most trading May delivery contract closing at RMB 984/t. Iron ore futures tumbled after the industry minister urged the steel industry to cut crude steel production next year (CY’21) amid the government’s carbon neutrality scheme. Meanwhile, SGX Jan ’21…