Chinese iron ore futures hit highest since May on strong demand

  • Dalian iron ore futures hit the highest since May ’20 on strong steel demand in China. The most traded contract of Jan ’21 closed higher by RMB 9.5 to RMB 911.5/t.
  • SGX iron ore Dec ’20 futures rose further by $1.84 d-o-d to close at $129.3/t.
  • SHFE rebar futures slipped by 0.45% to RMB 3,906/t against last closing.
  • HRC futures climbed RMB 24 to RMB 4,175/t.

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