DCE (Dalian Commodity Exchange) iron ore futures jumped by over 3.7% d-o-d, propped up by strong margins netted by steel mills, while a record high crude steel output – on the back of resilient demand – contributed to boosting sentiment for iron ore. The closing prices of the most-traded iron ore and steel futures on 18 May’21 are as follows:
- DCE iron ore futures Sep’21 contract closed at RMB 1,242.5 ($193)/t (+RMB 45)
- SGX iron ore futures June’21 contract closed at $214.36/t (+$ 7.06)
- SHFE rebar futures Oct’21 contract closed at RMB 5,610 ($873)/t (+RMB 14)
- SHFE HRC futures Oct’21 contract closed at RMB 5,980/t ($931) (+RMB 31)
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