Iron ore futures in China jumped by 8% on demand optimism post-Labor holidays. Steel futures in Shanghai Futures Exchange touched a record level, rising by over 4% in the afternoon session.
The closing prices of the most-traded iron ore and steel futures on 06 May are as follows:
- DCE iron ore futures Sep contract closed at RMB 1,184/t (+95.5)
- SGX iron ore futures June contract closed at $197.20/t (+6.63)
- SHFE rebar futures Oct contract closed at RMB 5,665/t (+274)
- SHFE HRC futures Oct contract closed at RMB 5,688/t (+247)
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