Iron ore futures in both Dalian and Singapore Exchange rose by 1.3% backed by robust demand from China’s steel sector. Meanwhile, steel futures trading in Shanghai Futures Exchange dropped by around 0.7%. The closing prices of the most-traded iron ore and steel futures contract on 19 Apr ’21 are as follows:
- DCE iron ore futures Sep contract closed at RMB 1,060/t (+14)
- SGX iron ore futures May contract closed at $174.5/t (+2.23)
- SHFE rebar futures Oct contract closed at RMB 5,082/t (-34)
- SHFE HRC futures Oct contract closed at RMB 5,370/t (-43)
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