Iron ore futures in China fell to close to a three-week low on rising iron ore port inventories and a poor steel demand outlook during winter. DCE’s most traded Jan’21 contract closed at RMB 781/t. Singapore iron ore futures remained range-bound at $120.64/t. Rebar and HRC futures in Shanghai Futures Exchange stood at RMB 3,611/t and RMB 3,740/t respectively.
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