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SHFE rebar price rangebound albeit firming in iron ore


The most-traded rebar contract on Shanghai Futures Exchange (SHFE) for October delivery were rangebound over June 7-11 amid the uncertainties in the demand and near-term outlook, though the most-traded iron ore and coke contracts, both being September, on Dalian Commodity Exchange (DCE) continued with the strengthening in prices.
The SHFE October rebar contract closed the daytime trading session of June 11 at Yuan 5,168/tonne ($809/t), or nudging down Yuan 7/t from the settlement price of last Friday. In contrast, DCE’s September iron ore contract gained another Yuan 77.5/dmt or 6.6% from last Friday’s settlement price to Yuan 1,247/dmt as


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