China iron ore and steel futures range-bound

Iron ore futures in Dalian Commodity Exchange (DCE) today dropped marginally while the same in Singapore Exchange (SGX) inched up against its last closing. Meanwhile, rebar and HRC futures trading in Shanghai Futures Exchange (SHFE) remained range-bound. The closing prices of iron ore and steel futures on 06 Apr ’21 are as follows:

  • DCE iron ore Sep contract closed at RMB 971/t (-8)
  • SGX iron ore May contract closed at $161.45/t (+1.45)
  • SHFE rebar May contract closed at RMB 5.556/t (+23)
  • SHFE HRC May contract closed at RMB 5,180/t (+10)

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