Dalian iron ore futures May ’21 contract today tumbled by RMB 29.5/t against yesterday to close at RMB 1,046/t amid dull demand outlook. Singapore iron ore futures Feb ’21 contract also witnessed a sharp drop of $4.08. On the other hand, SHFE May HRC futures fell by RMB 119 while SHFE May rebar futures declined by RMB 104.
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