China: Iron ore futures fall, steel futures rangebound

Iron ore futures on China’s Dalian Commodity Exchange (DCE) slipped 3.6%, d-o-d, on 13 Sept’21 on weak demand in the backdrop of production cuts in China. Steel futures on SHFE remained rangebound.

• DCE iron ore futures Jan’22 contract closed at RMB 706/t ($109) (-RMB 26.5)
• SGX iron ore futures Oct contract closed at $123.45/t (-$4.85)
• SHFE re-bar futures Jan’22 contract closed at RMB 5,642/t ($874) (+RMB 2)
• SHFE HRC futures Jan’22 contract closed at RMB 5,805/t ($899) (-RMB 53)