Intel Details

China: Ferrous futures gain on demand optimism

Fines/Lumps
27 Aug 2021, 13:40 IST
Steel Mint Intel

Dalian iron ore futures climbed 3%, d-o-d, on 27 Aug'21 on expectations of a demand recovery in China. Meanwhile, re-bar and HRC futures on the Shanghai Futures Exchange rose by 2.2% and 1.7% respectively on fast-improving sentiments. Closing prices of the most-traded ferrous futures:

  • DCE iron ore futures Jan'22 contract closed at RMB 840/t ($130) (+24)
  • SGX iron ore futures Oct contract closed at $154.35/t (+2.93)
  • SHFE rebar futures Jan'22 contract closed at RMB 5,222/t ($806) (+114)
  • SHFE HRC futures Jan'22 contract closed at RMB 5,495/t ($848) (+93)

27 Aug 2021, 13:40 IST
You have 2 complimentary intel remaining! Stay informed with SteelMint
;