Author: Lalita
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China: Ferrous futures jump on power cut worries
Iron ore and steel futures in China jumped on 27 Sep’21 amidst production controls due to power cuts. Closing prices: DCE iron ore futures Jan’22 contract: RMB 703/t ($108.7) (+RMB 18.5) SGX iron ore futures Oct contract: $121.20/t (+$10.2) SHFE re-bar futures Jan’22 contract: RMB 5,564/t ($861) (+RMB 96) SHFE HRC futures Jan’22 contract: RMB…