China: Iron ore futures extend gains, steel futures decline

Iron ore futures in Dalian Commodity Exchange strengthened further by another RMB 3.5 d-o-d. Most traded Jan’21 contract closed at RMB 858.5/t. SGX Dec’20 futures rose marginally to close at $122.9/t. On contrary, SHFE rebar and HRC futures declined by RMB 12 and RMB 6.


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