Dalian iron ore futures rose by 5.5%, d-o-d, on 7 Sept’21, recovering from losses recorded earlier. China’s iron ore imports hit new highs in Aug even as policymakers tried to cut steel production and temper down commodity prices. However, this fuelled positive sentiments in the steel market. Closing prices of the most-traded ferrous futures contracts:
- DCE iron ore futures Jan’22 contract closed at RMB 763/t ($118) (+RMB 40)
- SGX iron ore futures Oct contract closed at $137.10/t (+$6.2)
- SHFE rebar futures Jan’22 contract closed at RMB 5,494/t ($850) (+RMB 21)
- SHFE HRC futures Jan’22 contract closed at RMB 5,821/t ($901) (-RMB 1)
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