Iron ore futures on the Dalian Commodity Exchange (DCE) bounced back as steel margins recovered in China. Most-traded Sept’21 contract climbed 2.5% in today’s session. However, steel futures remained volatile given slight fluctuations. Closing prices of the most-traded ferrous futures contracts on 28 Jul:
- DCE iron ore futures Sept contract closed at RMB 1,137.5/t ($175) (+RMB 28)
- SGX iron ore futures Aug contract closed at $195.59/t (+2.34)
- SHFE rebar futures Oct contract closed at RMB 5.658/t ($871) (+RMB 45)
- SHFE HRC futures Oct contract closed at RMB 5.879/t ($905) (-RMB 17)
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