FIS Singapore Iron Ore Derivatives Report 03/06/21

Iron Ore Market Update Market Commentary Iron ore futures surged above $201 on Thursday on robust rebar inventory data while speculation around a possible relaxation of production curbs in Tangshan also aided prices. Rebar inventories were down for a 12th consecutive week. Total rebar inventories stood at10.42 million tonnes, down 3.32% from a week ago. …