China: Iron ore futures fall on lower Aug’21 steel output

Dalian iron ore futures fell by 3% on 16 Sep’21 as China’s steel output was recorded lower for the third straight month in Aug. Closing prices:

• DCE iron futures Jan’22 contract closed at RMB 670.5/t ($104) (-RMB 22)
• SGX iron ore futures Oct contract closed at $106.45/t (-$7.8)
• SHFE re-bar futures Jan’22 contract closed at RMB 5,541/t ($860) (+RMB 23)
• SHFE HRC futures Jan’22 contract closed at RMB 5,743/t ($891) (+RMB 49)