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Platts reported on Monday iron ore swaps fell in light trade as interest fell in Shanghai on a holiday in Singapore.
Platts reported on Monday iron ore swaps fell in light trade as interest fell in Shanghai on a holiday in Singapore.
As quoted in the market news:
Australian, Brazilian and Ukraine iron ore cargoes traded after the three-day weekend, while only a few clips in the prompt month and quarter swaps changed hands at lower prices than on Thursday.
Shanghai May rebar futures, which is currently the most active contract, settled at Yuan 3,648/mt ($584.17) on Monday, down Yuan 20 on Friday’s settlement, and Yuan 26 lower from Thursday’s level.
