Iron ore futures continue to rally on Chinese demand

Iron ore futures Jan’21 contract in Dalian Exchange reached RMB 857.5/t, close to its longest streak of gains since mid-May. SGX futures jumped by $2.38 d-o-d to $128.36, rising for a fifth session. SHFE rebar futures moved up by RMB 12 to close at RMB 3,790/t on strong demand from Chinese steelmakers.


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