Tag: China iron ore futures
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China ferrous futures hit limit down on bearish sentiment
On November 2, both iron ore and steel futures prices in China slumped further and hit their respective daily limit down on the growing bearish sentiment in these domestic ferrous markets. On Tuesday, the most-traded January 2022 rebar contract on the Shanghai Futures Exchange (SHFE) plunged by Yuan 368/tonne ($57.5/t) or 8% on from Monday’s…