Author: Lalita
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Chinese iron ore futures continue to rise, steel futures decline
DCE’s most traded iron ore contract of Jan’21 closed at RMB 880/t, up RMB 4 d-o-d. Iron ore futures in Singapore Exchange closed at $125/t. On the other hand, SHFE rebar futures fell sharply by RMB 45 and HRC futures by RMB 10, as per SteelMint’s daily assessment.