Iron ore futures continued its downtrend amid falling demand for the raw material and rising coronavirus cases in China. Most active DCE May ’21 iron ore futures closed at RMB 1,010.5/t while Singapore iron ore Jan ’21 futures decreased by $1.65 d-o-d to $161.3/t. Rebar and HRC futures in Shanghai Exchange followed the similar trend and reported a fall of RMB 10 and RMB 17, respectively in today’s trading.
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