Intel Details

China: Iron ore futures tumble as demand slides

Fines/Lumps
21 Jul 2021, 16:32 IST
Steel Mint Intel

Dalian iron ore futures fell by 4.7% on 21 Jul'21 as demand for the steelmaking raw material slumped, with Chinese mills reducing production following government notices. Closing prices of the most-traded iron ore and steel futures contract:

  • DCE iron ore futures Sept contract closed at RMB 1,174/t ($181) (-RMB 59)
  • SGX iron ore futures Aug contract closed at $202.20/t (-3.65)
  • SHFE rebar futures Oct contract closed at RMB 5,561/t ($859) (-RMB 40)
  • SHFE HRC futures Oct contract closed at RMB 5,918/t ($914) (-RMB 50)

21 Jul 2021, 16:32 IST
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