Iron ore futures prices in Dalian and Singapore Exchange pulled back as China’s DCE imposed trading limit for iron ore futures. The market regulator limited the single-day position openings of non-futures company members’ to 2,000 lots from today’s (22 Dec ’20) session. Most-traded May ’21 contract in DCE closed at RMB 1,055/t while Jan ’21 iron ore futures in SGX closed at $163.88/t. Meanwhile, SHFE rebar futures slumped 2% to RMB 4,368/t. HRC futures decreased by 0.9% to RMB 4,698/t.
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