Daily DCE Review 1/3/21

Iron ore futures opened high, but only to dip at afternoon session, due to poorer economic indicators from China. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then dropped by 0.83% day-on-day or RMB 9.50 to RMB 1,132.50/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange also went …