The commodity futures contract for iron ore with June delivery, which is the most traded in Singapore's commodity exchange, fell by 1.7% to $97.05 per tonne. Iron ore had fallen to $94.20 per tonne last Friday due to the unexpected decline in China's manufacturing sector.
Meanwhile, the Dalian iron ore futures contract found support despite reaching its lowest level in recent months due to the situation in China. The commodity futures contract for iron ore with September delivery, which is the most actively traded on the Dalian commodity exchange, increased by 2.2% to $101.48 per tonne.
On the Shanghai Futures Exchange, rebar increased by 3.2%, HRC by 3.7%, and stainless steel by 1.1%.
Comments
No comment yet.