China: Iron ore stable, steel futures rise

Iron ore futures on the Dalian Commodity Exchange (DCE) and Singapore Exchange (SGX) remained stable versus yesterday’s closing, as per SteelMint assessment. Steel futures contracts on the Shanghai Futures Exchange (SHFE) jumped 2% in today’s session. Closing prices of the most-traded ferrous futures contracts on 10 Aug’21:

• DCE iron ore futures Jan’22 contract closed at RMB 853/t ($132) (+RMB 0.5)
• SGX iron ore futures Sept contract closed at $159.15/t (-1.4)
• SHFE rebar futures Oct contract closed at RMB 5,437/t ($839) (+RMB 107)
• SHFE HRC futures Oct contract closed at RMB 5,856/t ($904) (+RMB 110)