Author: Lalita
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China: Ferrous futures rangebound on weak demand, output curbs
Iron ore and steel futures in China remained largely stable on 6 Aug’21, as weak seasonal demand and stricter steel production controls weighed on sentiments. Closing prices of the most-active contracts: DCE iron ore futures Jan’22 contract closed at RMB 895/t ($138) (+RMB 6.5) SGX iron ore futures Sept contract closed at $168.9/t (-2.7 RMB)…