DCE iron ore futures today breached the mark of RMB 1,000/t on demand optimism and supply concerns from Australia. Dalian’s most traded May ’21 iron ore contract closed at RMB 1,007.5/t while SGX Jan ’21 iron ore futures remained range-bound at $154.55/t. Meanwhile, HRC futures rose by RMB 44/t and rebar futures jumped by RMB 73/t on a d-o-d basis.
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