DCE iron ore futures for May delivery today increased further by RMB 10 to RMB 1,071.5/t on optimistic demand outlook. Singapore iron ore futures Mar contract closed today at RMB 161.4/t, up $2.65 d-o-d. Steel futures in Shanghai Exchange remained range-bound with most traded May rebar futures closing at RMB 4,404/t and most-traded May contract of HRC closing at RMB 4,608/t.
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