Steel futures on the Shanghai Futures Exchange (SHFE) increased by 4% d-o-d on 4 Aug’21 amid expectations of easing steel output curbs in China. Iron ore futures on the Dalian Commodity Exchange (DCE) remained rangebound, inching up slightly by 0.4% d-o-d. Closing prices of the most-traded ferrous futures contracts:
- DCE iron ore futures Sept contract closed at RMB 1067/t ($165) (+RMB 4.5)
- SGX iron ore futures Sept contract closed at $179/t (0)
- SHFE rebar futures Oct contract closed at RMB 5,454/t ($844) (+RMB 207)
- SHFE HRC futures Oct contract closed at RMB 5,853/t ($906) (+RMB 245)
Leave a Reply