Iron ore futures in Dalian Exchange touched a four-week low as China’s port stocks piled up to its highest since Feb’20 and near-term demand concerns weighed over sentiments. Most-traded Jan’21 contract marked it closing at RMB 760.5/t. Meanwhile, Singapore iron ore futures Nov contract fell marginally to $112.65/t. SHFE rebar futures remained largely stable at RMB 3,613/t whereas HRC futures climbed to RMB 3,795/t.
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