Author: Lalita
-
China: Benchmark iron ore futures continue to rise
Chinese iron ore futures continued its uptrend amid positive demand outlook for the raw material. DCE’s most traded May contract closed today at RMB 1,061.5/t, higher by RMB 33.5 against yesterday’s closing. Singapore iron ore futures Mar contract increased by $2.6 to close at $159.1/t. Rebar futures climbed by RMB 86/t and HRC futures by…