Iron ore futures on the Dalian Commodity Exchange (DCE) and Singapore Exchange (SGX) edged up by 0.5% on supportive steel sentiments. Steel futures on the Shanghai Futures Exchange, however, remained volatile with rebar futures moving up by 0.2%, while HRC dropped by 0.16% day-on-day. Closing prices of the most-traded ferrous futures contracts on 16 Jul’21:
- DCE iron ore futures Sept’21 contract closed at RMB 1,241/t ($192) (+RMB 7)
- SGX iron ore futures Aug contract closed at $213.65/t (+1.15)
- SHFE rebar futures Oct contract closed at RMB 5,559/t ($860) (+RMB 13)
- SHFE HRC futures Oct contract closed at RMB 5,952/t ($920) (-RMB 10)
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