China: Iron ore futures slip but steel futures rise

Dalian iron ore futures slipped 3.5%, d-o-d, on 28 Sep’21 while steel futures increased by 1.2% on positive demand outlook. Closing prices:

• DCE iron ore futures Jan’22 contract: RMB 678.t ($105) (-RMB 25)
• SGX iron ore futures Oct contract: $112.95/t (-$6.3)
• SHFE re-bar futures Jan’22 contract: RMB 5,634/t ($872) (+RMB 70)
• SHFE HRC futures Jan’22 contract: RMB 5,671 ($878) (+RMB 79)