China: DCE iron ore futures rise by 2.3%

Iron ore futures gained on the first trading day of 2021. Most active May iron ore futures in Dalian Commodity Exchange today moved up by RMB 23.5 to RMB 1,019.5/t. SGX iron ore futures for Feb delivery closed at $164.19/t. Meanwhile, HRC futures fell by RMB 62 to RMB 4,492/t while rebar futures remained range-bound at RMB 4,383/t.


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