Dalian iron ore futures today witnessed a significant rise by RMB 6.5 d-o-d against yesterday on optimistic demand outlook. DCE’s most traded May ’21 iron ore futures closed high at RMB 918.5/t. In Singapore Exchange, iron ore futures increased by $1.24 d-o-d to close at $145.85/t. Rebar futures for May delivery in SHFE rose to RMB 3,989/t. Meanwhile, SHFE HRC May futures jumped to RMB 4,275/t.
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